For about three decades, consumers and merchants have trusted eftpos as a safe, convenient and efficient method of payment.
Launched in 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 owned and operated by Australians and is an essential and valuable part of the fabric of everyday Australian life.
In 2014, Australian consumers performed more than 2.4 billion eftpos transactions worth more than $139 billion at over 820,000 eftpos terminals. It is Australia’s most widely used electronic payments system.
Each day Australians make more than 6.5 million eftpos transactions.
Who owns eftpos?
eftpos is wholly owned by its 15 Members
- Australia and New Zealand Banking Group Limited
- Australian Settlements Limited
- Bank of Queensland Limited
- Bendigo and Adelaide Bank Limited
- Cashcard Australia Limited
- Citigroup Pty Limited
- Commonwealth Bank of Australia
- Coles Group Limited
- Cuscal Limited
- Indue Limited
- ING DIRECT
- National Australia Bank Limited
- Suncorp Bank
- Westpac Banking Corporation
- Woolworths Limited