Paymentology and Change Team to Boost Australian FinTech Growth

The collaboration, announced Tuesday (April 21), is designed to accelerate payment method adoption and FinTech growth across Australia.

“Australia is one of the most sophisticated payments ecosystems globally, with strong consumer adoption of digital, contactless and mobile-first experiences,” Minh Ha Truong, Paymentology’s head of growth for the Asia-Pacific region, said in a news release. “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.”

According to the release, the collaboration joins Paymentology’s processing platform with Change Financial’s local “BIN sponsorship, regulatory expertise and in-market presence,” letting FinTechs, digital banks and program managers launch and scale card programs more effectively within the Australian marketplace.

The release noted Australia’s embrace of the digital payments space, with the country’s national payments market valued at $849.1 billion in 2025, and expected to reach $1.35 trillion by 2034.

“Cards and mobile wallets now sit at the centre of everyday transactions, as digital adoption continues to accelerate,” the companies added, with Australians making $114 billion in mobile wallet payments last year.

PYMNTS Intelligence collaborated with Paymentology for the March edition of the Payments Innovation Tracker® Series, which showed that consumers increasingly expect credit to behave like software: flexible, responsive and designed around specific purchases or financial situations.

Credit card holders now want the ability to split transactions into installments, change due dates to line up with their pay cycles, and access financing embedded into everyday transactions, such as travel bookings or retail checkouts.

“This shift is forcing a structural rethink inside banks and FinTech companies alike,” PYMNTS wrote. “The result is increasingly emerging as a credit infrastructure reset: a move away from fragmented, batch-based lending systems toward unified, real-time platforms that treat credit not as a static product but as programmable financial infrastructure.”

More recently, PYMNTS spoke with Stephen Bowe, Paymentology’s chief product officer, about the changing credit landscape for issuers.

While credit demand may be rising, issuers face the question of whether their technology stacks can sustain how credit is now used, and not how it was once structured. Bowe characterized the environment as one where growth risks conceal deeper operational shortcomings.

“When issuers assess their credit capabilities, whilst demand is increasing, it can actually create a false sense of security,” he told PYMNTS last week, adding that dependence on legacy systems leaves institutions out of sync with customer behavior.