About Tyro

Powering the future of business

Tyro-blog-Tyro-pro-eftpos-machine-taking-payments-in-cafe

About us

In 2003, Tyro set out to make payments the easiest part of doing business. Today, we’re still into business big time, powering more than 71,000 merchants across Australia with in-store, online and on-the-go payment solutions.

Working with more than 770+ partners, we create seamless payment experiences for hospitality, retail, services and health providers, with integrated banking and lending solutions designed to help unlock the potential of every business.

We’re into business, big time

From our fast EFTPOS solutions to streamlined business lending and banking products, we’re helping thousands of Australian businesses to grow and thrive.

Australia’s #1 rated EFTPOS provider in FY24

71,000 customers and growing

Team of 500+ Tyros nationally

Delivered 10 industry firsts

770+ partners

Australia’s largest EFTPOS provider of all ADIs outside the big four  ^*

Our company values

Wow the customer

We love our customers and we want them to love us too.

Be good

We’re open and transparent, and we do the right thing – even when nobody’s watching or it’s really hard.

Commit to greatness

We think big, move fast and dare to be different – always asking “what’s next?”

Stay hungry

We ooze passion and determination and we play as a team to win.

Win together

We are a united team. With growth mindsets and without ego, we embrace diversity to collaborate, innovate, and accelerate.

Our Journey

2003

Entrepreneurs Paul Wood, Peter Haig and Andrew Rothwell found Tyro in response to the RBA’s call for greater competition.

2005

Tyro becomes Australia’s first new entrant into the EFTPOS market in over a decade, processing its first live transaction.

2007

First to launch a cloud-based EFTPOS solution. 

2009

First to launch integrated EFTPOS Medicare rebates. 

2010

First to launch non-stop acquiring services.

2011

First to be certified and compliant with new payments regulations to ensure security of payments applications.

2012

$3B transactions processed. 

2013

First to launch integrated mobile EFTPOS solutions. 

2014

Launched an integrated Private Health Fund claiming solution. 

2015

Developed a cloud-based and mobile core banking platform.

2016

Launch of our first banking product: Tyro Bank Account.  

First technology company to obtain a full Australian banking licence and operate as an Authorised deposit-taking institution (ADI). 

2017

First Australian bank to allow business account owners to use Siri to conveniently pay bills. 

First Australian bank to launch Xero Payroll integration allowing businesses to enter transactions in Xero and perform single-touch authorisations in the Tyro App. 

2018

First Australian bank to launch our version of least-cost routing, Tap & Save, saving Tyro merchants over $1.5 million on fees in the first eight months. 

2019

First Australian bank to deliver integrated Alipay solution. 

Launch of Tyro Business Term Deposits.

2020

Largest IPO by market capitalisation on the ASX in 2019. 

2021

Tyro becomes Bendigo Bank’s exclusive merchant acquiring partner.  

Acquisition of digital health payments business Medipass Solutions.  

Launch of Tyro Connect.

2022

Launch of our Tyro Go EFTPOS reader and Tyro Health business unit. 

Launch of Flexible Settlements via the Tyro Bank Account. 

2023

Australian-first launch of mobile payment acceptance app Tyro BYO for iOS, partnership with Apple. 

Launch of next generation Tyro Pro terminal  

Australian-first launch of Amex Opt-blue platform for merchants. 

2024

Embedded payments software development kit (SDK) launched for POS providers.

Challenging the status quo, one achievement at a time

Winner Finder Innovation Awards – Banking & Payments, 2024	Winner Finder Innovation Awards – App Innovation, 2024	Finalist APAC Payments Excellence Awards – Best Payment Service, 2024.	Winner FinTech Australia Awards – Excellence in Business Lending, 2024.
Winner High Authorisation Approval Rate (Acquirer), Global Award Category, Visa 2020 Global Service Quality Awards (GSQA).	Finalist Alipay ANZ Innovation Awards, 2020.	Winner Highest Authorisation Approval Rate (Acquirer), Global Award Category, Visa 2019 Global Service Quality Awards (GSQA).	Winner Sydney Design Awards, 2019.
Finalist Best Banking Innovation, finder Awards 2019.	Winner Best Payment Services Bank, Australian Business Banking Awards 2018.	Winner Highest Authorisation Approval Rate (Acquirer) and Lowest Gross Fraud (Acquirer), Global Award Category, Visa 2018 Global Service Quality Awards (GSQA).	Finalist Best Banking Innovation, finder Awards 2018.
Finalist Best Payment Services, Australian Business Banking Awards 2017.	Winner FinTech Innovation in Lending, FinTech Awards 2017.	Gold FinTech and The Future of Work, Tech Design Awards, DRIVENxDESIGN 2017.	Established Innovator FinTech 100, KPMG and H2 Ventures, 2016.
Fast 50 Australia Deloitte Technology 2012, 2013, 2014.	Fast 500 Asia Pacific Deloitte Technology, 2012, 2013, 2014, 2015.	Finalist Telstra Business Awards 2013, 2014	BRW Fast 100 Award 2010, 2011, 2012, 2013.