The Disruption of Innovative Technologies
In Australia, technology driven innovation and increasing fintech-focused competition is catalysing the digital disruption of the payments landscape. Since the Reserve Bank of Australia’s Payments System Board endorsed an industry proposal for new real-time payments infrastructure in 2013, the Australian retail consumer market has experienced a major shift as the range of point-of-sale (POS) hardware, and software solutions offered by fintech start-ups and independent POS technology vendors has grown.
