Eftpos to open payments network to fintechs and partners with Stone&Chalk

eftpos Payments Australia

SYDNEY, New South Wales — 25 October 2019 – eftpos today announced it will launch a public API program in early 2020 and is partnering with Stone&Chalk to build closer relationships with Australia’s Fintech community.

eftpos Chief Information Officer, Ben Tabell, said the national eftpos network gives Australian fintechs the opportunity to build payments capability into their solutionsfor use at both shop checkouts and eCommerce, with a sandbox environment available to business partners by December this year.

Mr Tabell said eftpos encouraged Fintechs to leverage the network and bring innovative solutions that enhance the payments experience for merchants and consumers.

“This is a great opportunity for eftpos, our members and Fintechs to work together and leverage the reach of the eftpos network that has access to more than 40 million bank accounts across the nation,” Mr Tabell said.

“The partnership with Stone & Chalk provides an environment in which we can share ideas and workshop solutions that have the potential to change the way Australian’s pay for the better.”

eftpos and Stone & Chalk are collectively building a roadmap of activities to capitalise on the opportunities generated by the new partnership, and create value for the fintech community working with eftpos on their innovation priorities.

The partnership plan includes startup showcases, workshops, sharing business challenges with the fintech community and ensuring startups are a key part of the solutions and commercial opportunities eftpos is creating.

“We are thrilled to announce our new partnership with eftpos which has become the latest corporate addition to our Stone&Chalk Impact Network ™,” CEO of Stone & Chalk, Alex Scandurra, said.

“Founded on Fintech, Stone&Chalk has a proven track record of shaping the future of leading Australian startups from emerging tech sectors and is perfectly placed to support eftpos to become StartUp Ready ™ and achieve their competitive advantage as leaders of outside-in innovation.”

About eftpos

eftpos is Australia’s own debit card system, accounting for around 2 billion CHQ and SAV transactions in 2018.

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