Draft undertakings: Statement attributable to Robert Milliner, Industry Committee Chair

8 August 2021

We welcome and support the ACCC’s ongoing consultation regarding the proposed merger of BPAY, eftpos and New Payments Platform Australia (NPPA).

We remain steadfast in our aim to create a more viable domestic payments entity by bringing the three schemes together under a single Board. This will allow the new entity (to be named Australian Payments Plus) to bring new payments solutions to market faster, continue to put pricing pressure on international card schemes and work in the best interests of Australian consumers and businesses of all sizes.

As part of this process we have offered a set of draft undertakings to the Commission which directly address feedback from payments stakeholders.

We believe the draft undertakings reinforce our commitment to facilitate LCR and maintain eftpos’ services and infrastructure. They also reflect the agreement to deliver a set of specific payments innovations (described as prescribed services) over the next two years – the majority of which will strengthen eftpos and its ability to compete with international card schemes.

We look forward to continuing to work constructively with the ACCC up until its final determination on 10 September.


AP+ acknowledges the Gadigal People of the Eora nation as the Traditional Custodians of the lands on which we are based and pays our respects to Elders past, present and emerging. We recognise all Aboriginal and Torres Strait islander peoples ongoing connection to the lands and waters of Australia and thank them for protecting and for their pivotal role in the creation of this beautiful place. Always was and always will be Aboriginal Land.

View our Reconciliation Action Plan

©2023 Australian Payments Plus. ABN: 19 649 744 203  All rights reserved

Back to top Arrow