What are the most important metrics for payments companies right now?

We track TPV growth and mix, take rate trend, gross margin, and value-added attach rate. Add uptime, fraud losses, dispute outcomes, and payout times. For Australia, include PayTo mandates and conversion. The goal is simple: steady yields, rising service revenue, and strong controls that support cash generation, not just volume.

How does PayTo affect revenue and margins for Australian providers?

PayTo can cut scheme and chargeback costs, speed settlement, and improve billing conversion. That can support higher gross margins and working-capital gains. Revenue depends on pricing for mandates, notifications, and value-added tools like reconciliation. Winners report clear PayTo metrics, strong fraud controls, and smooth onboarding for banks, billers, and platforms.

What defines a healthy BNPL loss ratio in today’s market?

There is no single number. We prefer stable or improving net transaction loss ratios with consistent collections timelines. Look for tighter underwriting, responsible-lending checks, and diversified funding. If loss ratios fall while revenue yield and repeat usage hold steady, unit economics can improve without relying on aggressive growth or fees.

Will stablecoins really change Australian payments in 2026?

They can in specific cases. Stablecoins may reduce cross-border costs and speed settlement for marketplaces and exporters. The key is compliant issuance, strong reserves, and integration with gateways and accounting tools. Expect gradual adoption where savings beat the switch cost and fraud, KYC, and reporting are well supported.

Global Market Insights

Fintech Innovation February 22: AU Payments, BNPL Catalysts After Fintech 50

ByDanny Kontos February 22, 2026February 22, 2026

Fintech innovation is accelerating in Australia, and investors are looking for clear signals after the Fintech 50 2026 spotlight on payments and stablecoin infrastructure. We focus on what matters next: total payment volume, take rates, BNPL loss ratios, and PayTo adoption. These drivers point to unit economics and recurring revenue strength that can win capital through H1 2026. We outline practical metrics, local catalysts, and risk checks so Australian portfolios can lean into quality growth, not hype.