Paymentology enters Australia via Change Financial deal

Paymentology has entered the Australian market through a partnership with Change Financial, giving the payments processor a local route into a fast-growing digital payments sector.

The arrangement combines Paymentology's processing platform with Change Financial's BIN sponsorship, regulatory support and market presence in Australia. It is aimed at fintechs, digital banks and programme managers looking to launch debit, credit and prepaid card programmes in the country.

Change Financial is listed on the ASX and operates as a Mastercard Principal Issuer in Australia, allowing it to provide scheme connectivity and compliance support for payment programmes entering the market.

For Paymentology, the partnership marks a formal expansion into Australia as digital payments continue to grow. The structure is intended to simplify market entry for financial technology firms that need local sponsorship and processing services.

Australia's payments sector is already one of the largest in the region. The national payments market was valued at USD 849.1 billion in 2025 and is projected to reach USD 1.35 trillion by 2034, with cards and mobile wallets accounting for an increasing share of everyday transactions.

Mobile wallets have become a major part of consumer spending habits. Australians made about AUD 160 billion in mobile wallet payments over the past year, according to figures cited by the companies, underscoring demand for contactless and mobile-based payment services.

Local access

The partnership is also intended to address a common hurdle for overseas payments firms entering the Australian market: access to domestic infrastructure and scheme relationships. Change Financial said its local footprint and issuer status can help shorten the process for clients seeking to launch in the market.

Paymentology said its platform processes transactions in real time and operates across multiple cloud environments. Combined with Change Financial's local connectivity and compliance support, the model gives fintech clients a more direct route to launching card products.

The companies are targeting a broad range of customers, including fintech start-ups, digital-only banks and established programme managers. Prepaid, debit and credit products are all covered under the arrangement.

In comments released with the announcement, executives at both companies linked the move to continued demand for digital payment options in Australia.

"Australia is one of the most sophisticated payments ecosystems globally, with strong consumer adoption of digital, contactless and mobile-first experiences. By partnering with Change Financial, we're combining next-generation issuing infrastructure with trusted local BIN sponsorship and expertise, unlocking faster payment method adoption for fintechs and helping them scale confidently in the Australian market," said Minh Ha Truong, Head of Growth Asia Pacific at Paymentology.

Change Financial said it already works with fintechs and financial institutions on sponsorship, scheme access and programme launches. It described the partnership as an extension of that role, now paired with Paymentology's international processing reach.

"We collaborate closely with fintechs and programme managers every day to launch innovative payment solutions with speed and confidence. Our partnership with Paymentology combines our local market expertise with global-scale issuing infrastructure, enabling innovators to accelerate time to market and deliver compelling card payment experiences to Australian consumers and businesses," said Jennifer Mateer, Chief Commercial Officer at Change Financial.