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5 top payments players disrupting the industry in Australia

By Edil Corneille

February 08, 2021

  • Australia
  • Eftsure
  • Ezpay

payments, fintech, COVID-19, Australia, eftsure, Ezypay, Fat Zebra, Gobbill, NovattiThe COVID-19 pandemic is almost coming to an end and its influence on the digital payments space cannot be ignored. The pandemic has accelerated digital acceptance among customers for making transactions, with social distancing being the norm. In Australia, the total transaction value in the digital payments segment is expected to show an annual growth rate (CAGR 2021-2025) of 15.5% resulting in a projected total amount of US$138,318 million by 2025, according to Statista. Below is a list of 5 FinTech companies transforming the payments space in Australia.


eftsure helps organisations identify and protect themselves against fraud and error that occur in the payment process. Its Know Your Payee solution provides real-time alerts and messaging so customers do not pay the wrong supplier. The North Sydney-based company delivers real-time payment protection service and assists businesses with verifying supplier data, streamlining their supplier onboarding process and ensuring payee compliance.

eftsure’s Know Your Payee (KYP) crowd-sourced, cloud-based, independently verified database of payee information delivers insight into external payee relationships. The company believes that if the depth and accuracy of payee data is maintained, then the organisation is better informed and more capable of protecting itself against fraud, error and non-compliance.

eftsure aims to ensure that every Vendor Master File of every company is error free and organisations better meet their compliance requirements and streamline their on-boarding of supplier information.


The FinTech specialises in processing subscription and recurring payments. Since 1996, Ezypay has helped local Australian and New Zealand businesses generate revenue and settle complex financial scenarios with repeat customers the easy way. To date, Ezypay is said to have processed over $3 billion worth of subscription payments.

The cloud-based payment platform of Ezypay offers a suite of easy-to-use subscription management services to process recurring direct debit payments across multiple sites, multiple payment methods, and multiple currencies. Core features include generation and automation of dynamic subscription plans, omnichannel customer sign-ups, scheduled payments, invoicing, failed payment handling, and reporting.

Ezypay’s modern cloud-based architecture runs in a secure AWS environment and has a suite of open APIs for software integration partners to leverage the billing platform as part of their own offering. The company has offices in Australia, New Zealand and Malaysia. Ezypay currently processes payments in 9 countries across the Asia Pacific region (Australia, New Zealand, Malaysia, Singapore, Philippines, Hong Kong, China, Taiwan, and Thailand).

Fat Zebra

The Surry Hills-based company modernises payments with a simple one-time integration where its network is said to open up a world of opportunity. Fat Zebra gives businesses local market access, through a single global platform.

In December 2020, Hong Kong-based AsiaPay, a premier digital payment service provider and technology vendor, announced that it will further expand its payment platform in Australia and New Zealand with a new partnership with Fat Zebra. As part of the partnership, AsiaPay will leverage Fat Zebra’s processing infrastructure to access more Australian acquiring networks and domestic schemes, creating secure, seamless payments for its digital merchants across Australia and New Zealand.


Dockland-based Gobbill is a digital finance assistant that automates bills using artificial intelligence for households and small businesses. Users are protected from online scams, can avoid late fees, maximise discounts and protect their credit rating scores. Small businesses have the additional benefit of digitising invoices, scheduling payments and synchronising data with their accounting software.

After two years of R&D, the company launched its automated bill payment process for public use. It is now investing further, its R&D in AI to help customers easily switch service providers and save money using its One-Click-Switch™ method.

Founded in 2015, Gobbill can pay bills issued from any Australian provider including utilities, telecommunications, council rates, and insurance, among others. The company is a Microsoft Startup sponsored company, a partner of the Australian Government’s cyber safety initiative, AI partner of Silverpond and member of Stone & Chalk.


Melbourne-based Novatti is focused on solving problems and creating new opportunities in the FinTech space across diverse industry sectors. It is a digital banking and payments company that enables fast, simple, and secure payments.

In January, Novatti announced that its Visa Prepaid cards are now supported by Apple Pay. This enables Novatti’s clients to use Apple’s global payments platform, Apple Pay, to make purchases in store, in apps, and online using their Apple device, with their payment card stored conveniently and securely in Apple’s Wallet.

Payments services of Novatti include card issuing, merchant acquiring, payment processing and settlements. These enable customers to thrive as the company shifts to a cashless economy.

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