Tyro bank enters agreement

Tyro has entered into an agreement with mobile and online payment platform, Alipay, to become the first Australian bank to offer a seamless, all-in-one EFTPOS solution with Alipay for Tyro merchants. It is also intended to improve Australian businesses’ access to the Chinese visitor market.

Tyro is currently working with several merchants to determine appropriate pilot sites for a Q4 2018 launch and to other eligible businesses from Q2 2019. The Alipay integration continues Tyro’s strategy of enabling its merchants to accept all payment types that allow customers choose the way they want to pay.

Operated by Alibaba Group’s affiliate Ant Financial, Alipay is the world’s leading mobile and online payment platform with over 870 million active users in China and overseas and is the number one payment method in China. In Australia and New Zealand, Alipay now partners with over 10,000 businesses.

“This is an exciting initiative for businesses in Australia, especially for those in the retail and hospitality sectors,” Tyro CEO, Robbie Cooke said.

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