AusPayNet releases guide to navigating the Australian payments system

Australian Payments Network (AusPayNet), the self-regulatory body for Australian payments, today released a practical guide to help new entrants better navigate the interdependencies within the payments system.

The new guide – Navigating Payments for New Entrants – provides an overview of payment system regulation, the different models for participation, and the regulatory licences that might be required to help new entrants better understand Australia’s payment systems.

The guide is a result of research and consultation with new entrants and financial sector regulators to better understand the needs of new entrants to payments. This included a survey of fintech companies, focused workshops including with regulators, and bilateral meetings.

AusPayNet CEO, Andy White said: “Innovation drives benefit to end-users and new entrants have an increasingly important role to play in payments innovation. Our guide builds on industry initiatives to support fintechs by unpacking payments system regulation and licencing requirements”.

To read more, please click on the link below…

Source: AusPayNet releases guide to navigating the Australian payments system