The Aussie payments sector is about to experience a once in a...

The Aussie payments sector is about to experience a once in a generation change and we only have one chance to get it right.PAYDAY NEWS reports "Australia's payments sector is bracing for significant upheaval ahead of regulatory change this year, with market consolidation and cashed up new entrants set to reshape the landscape."Platformitisation (I just made up that word) of our payment system continues with new players eyeing us off and threatening incumbents.Shift4 is competing with Tyro Payments for Smartpay AustraliaClover from Fiserv was launched last weekSquare Shopify Checkout.com have already muscled inStripe and Adyen have stolen significant share from the big 4Zeller has 30,000 merchants on their platform on flat rate dealsAustralian small businesses are only offered the most expensive payment pricing available with blended rate deals in some cases charging over 2% for a simple debit transaction.And before you say "just ban surcharges" remember that a cafe has a margin of just 2%-3% so an acquirer would take all or most of that.