The Australian payments landscape is one of the most developed and sophisticated in the world. The growth in the size and breadth of the landscape reflects the record levels of investment flowing into the fintech ecosystem, with the first half of 2022 recording over US$29 billion of investment into the sector.
The KPMG Fintech Landscape 2022 report indicates that currently there are a total of 775 active fintechs in Australia, up from 718 in 2021 and representing an 8% increase year-on-year in number of firms operating in the country. It also states that payments remains the sector that features the highest number of companies in the Australian fintech landscape, with 19% of fintech firms in Australia sitting in this sub-sector.
In a conversation with #biztechasia Chris Dahl, the Co-CEO of Pin Payments, an Australian-based online payment platform designed for small businesses shared insights on the rise of the fintech industry in Australia, the contributing factors and the country’s competitive edge that makes it a leader in this industry. He also touched on the thriving payments sector, including emerging trends and developments that we can expect to see in 2023.
Chris also shared:
- Pin Payments’ journey from inception to where it is today
- The company’s acquisition by Checkout.com and how this plays to the benefit of merchants in Australia
- Insights into how incumbent banks compete with fintechs in the country
- What next from Pin Payments
- Entrepreneurship lessons from growing Pin Payments
Guest: Chris Dahl, Co-CEO, Pin Payments
Host: Brian Fernandez
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