Tyro

Tyro is a Sydney company that started in 2003 as MoneySwitch and grew into an independent card acquirer outside the big banking groups. In 2015 it became the first Australian technology company to receive a banking licence from APRA, so it is an authorised deposit-taking institution as well as a payments business. It trades on the ASX as TYR and reported more than 77,800 merchants in its August 2026 results.

EFTPOS is the core of the business. Tyro's Pro Series terminals, and an app for merchants who bring their own device, accept Visa, Mastercard, eftpos, American Express, Diners Club, JCB and UnionPay, along with Alipay and the Apple, Google and Samsung wallets. The terminals connect to more than 580 point-of-sale and practice-management systems, which helps explain its weight in hospitality, retail and healthcare; a separate Tyro Health arm serves medical and allied-health practices. Tyro also handles online payments, and its eCommerce volumes grew by a quarter in the 2026 financial year.

Pricing is published. Tyro charges 1.3% per transaction on its terminals and app, with rental of $19 to $29 a month for hardware, no joining fee and no lock-in contract. Businesses processing over $20,000 a month can ask for a custom rate. Takings can settle seven days a week into a Tyro bank account, which sits alongside business loans and term deposits, while Amex, JCB and Afterpay funds are paid separately by those providers.

Tyro suits Australian businesses that want an integrated terminal and a business account from the same provider. It does not operate outside Australia, and merchants selling mainly online may find more payment methods with a specialist gateway. Private equity firm Potentia made takeover offers in 2022 and 2023 that the board rejected, and Tyro remains independently listed.