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 an unlisted public company*, owned and operated by Australians and is an essential and valuable part of the fabric of everyday Australian life.
In 2016/17, Australian consumers performed more than 2 billion eftpos transactions worth more than $130 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 5.4 million eftpos transactions.
Who owns eftpos?
eftpos is a company limited by guarantee and 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
*eftpos Payments Australia Limited is unlisted. As an unlisted public company, eftpos follows many, but not all, of the Corporate Governance Principles and Recommendation (3rd edition) published by the ASX 2014 (CGPRs). Specifically, eftpos does not adopt CGPRs 1.2(a) (in respect of nominee directors), 1.5 (as eftpos has fewer than 100 employees), 5.1, 6.2, 6.3, 6.4, 7.4 and 8.2 as eftpos does not have securities that are traded. However, eftpos does communicate with its Members at regular Member Advisory Council meetings and at its Member Class Meetings and Annual General Meeting, about matters impacting the eftpos business. Additionally, CGPR 8.3 does not apply as eftpos does not have an equity-based remuneration scheme.