For about three decades, consumers and merchants have trusted eftpos as a safe, convenient and efficient method of payment.
Launched in the 1980s, eftpos introduced a fast, simple and secure payment system which was rapidly embraced by both shoppers and merchants. eftpos revolutionised the way we pay for goods and services, and as a result changed the retail landscape forever.
Today, eftpos competes in an ever-changing, dynamic environment against a number of payment systems.
eftpos is a public unlisted company*, owned and operated by Australians and is an essential and valuable part of the fabric of everyday Australian life.
In 2016, Australian consumers performed more than 2.2 billion eftpos transactions worth more than $138 billion at more than 900,000 eftpos terminals. It is Australia’s most widely used debit card payments system.
Each day Australians make more than 6 million eftpos transactions.
Who owns eftpos?
eftpos is wholly owned by its 18 Members
- Australia and New Zealand Banking Group Limited
- Australian Settlements Limited
- Bank of Queensland Limited
- Bendigo and Adelaide Bank Limited
- Citigroup Pty Limited
- Commonwealth Bank of Australia
- Coles Group Limited
- Cuscal Limited
- First Data Network Australia Limited
- Indue Limited
- ING DIRECT
- National Australia Bank Limited
- PayPal Australia
- Suncorp Bank
- Tyro Payments
- Westpac Banking Corporation
- Woolworths Limited
*As a public unlisted company, eftpos many, but not all, of the Corporate Governance Principles and Recommendation (3rd edition) published by the ASX 2014. Specifically, eftpos does not adopt recommendations 5.1, 6.2, 6.3, 6.4, 7.4 and 8.2 as eftpos securities are not traded. However, eftpos does inform its Members at regular Member Advisory Council meetings and at it Annual General Meeting, of matters impacting the eftpos business. Additionally, recommendation 8.3 does not apply as eftpos does not have an equity-based remuneration scheme.