Shaping the future of payments
As a pioneer of payments innovation, Zepto is well positioned to engage with policy-makers and contribute to submissions and conversations modernising the future of payments regulation in Australia.
Policy Submissions & Participation
As the first non-bank fintech to connect directly to the New Payments Platform as a Connected Institution, and the first non-bank payments provider to become an Accredited Data Recipient under the Consumer Data Right, Zepto has a unique perspective on the challenges facing the payments industry, and is well positioned to provide valuable insights to policy-makers.
We are extremely proud of our submission work and engagement in this space.
You can see some of that work below.
Submissions & Reports
In February 2024, Zepto welcomed the opportunity to make a submission to the Senate Finance and Public Administration Reference Committee inquiry into supporting the development of Sovereign Capability in the Australian Tech Sector.
You can read/download our submission HERE.
In July 2023, Zepto welcomed the opportunity to make a submission to Treasury’s consultation on the proposed reforms to the Payment Systems (Regulation) Act.
You can read/download our entire submission HERE.
As an advocate for a payments licensing framework which promotes competition and innovation through clearly defined rights and obligations, and which upholds the highest possible standards of consumer protection, Zepto also welcomed the opportunity to make a submission to Treasury’s consultation on payments licensing.
You can read/download our entire submission HERE.
The Tech Council of Australia's Digital Assets in Australia report highlights the need for Australia to be a leader in responsible and trusted digital assets innovation. Having supported its production, Zepto attended the report's launch at Parliament House in Canberra.
Engagement
Public Policy Lead, Gabe Perrottet, proudly brought Zepto's voice to this House of Representatives Standing Committee on Economics hearing on the Inquiry into promoting economic dynamism, competition and business formation.
Having provided a submission on Treasury's Consumer Data Right draft legislation to enable Action Initiation, Zepto was invited to participate in a Senate Inquiry. Public Policy Lead, Gabe Perrottet, brought Zepto's voice to the Senate Committee.
Following another success at the Business NSW Northern Rivers Business Awards, Zepto was invited to the Regional Leaders Business Forum and Q&A with the NSW Premier.
Zepto was invited to join Senator Andrew Bragg's Digital Assets roundtable discussion at the Senator's office in Sydney. We were delighted to be represented by Public Policy Lead, Gabe Perrottet, who brought our contributions to the lively discussion.
Given our humble beginnings in regional NSW, every now and then on our journey we have extreme pinch-me moments. Presenting to the Reserve Bank of Australia (RBA) and the Payments Systems Board was one of them.
Zepto’s Head of Government & Public Affairs, Emily Curlewis, reports from Parliament House in Canberra after attending a post-budget discussion with the Hon Senator Jane Hume — Minister for Superannuation, Financial Services and the Digital Economy — and the Hon Stuart Robert, Minister for Employment, Workforce, Skills, Small and Family Business.
Zepto headed to Canberra for the Tech Council of Australia’s Parliamentary Innovation Showcase at Parliament House. Our CEO Chris Jewell, Head of Government & Public Affairs Emily Curlewis, and our Events & Community Manager, Leanne Medeiros shared the Mural Room with some of the finest minds and success stories in Australian tech.
Thought Leadership
On 8 December 2023, Treasury released its second consultation paper on payments licensing reform which contains the details of a proposed licensing regime for payments service providers (PSPs). As our Public Policy Lead — Gabe Perrottet — reports, Zepto's public policy advocacy is having a real impact on the future of payments regulation in Australia.
The Reserve Bank of Australia has released its Payments System Board Annual Report for 2023. In this article, we highlight a few data points that caught our eye, and hear from Chris Jewell about tackling fraud and scams.
Our public policy team has been busy making submissions to Treasury’s consultations on reforms to the regulation of payments in Australia. Zepto is excited to contribute to the development of reforms which will shape the future of Australia's payments ecosystem.
In early 2023, Zepto made a submission to Treasury's Consultation Process on a Strategic Plan for the Payments System. On 07 June, Treasurer Jim Chalmers presented the government's plan to the Australian Banking Association, kicking off generational reforms to payments in Australia.
After collecting the Excellence in Innovation gong at the Northern Rivers Business Awards, Zepto was crowned Business of the Year at Business NSW's 2022 Business Awards, advocating for the inclusion of regional start-ups in government procurement processes.
Ellis Connolly, Head of Payments Policy at Reserve Bank of Australia, delivered a speech at the AFR Banking Summit [28 March 2023] that shone a light on Australia's remarkable shift to electronic payments. Here are some key take-outs from that speech.
