<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>2024 | Tyro</title> <atom:link href="https://www.tyro.com/blog/press-category/2024/feed/" rel="self" type="application/rss+xml" /> <link>https://www.tyro.com/blog/press-category/2024/</link> <description></description> <lastBuildDate>Mon, 04 Nov 2024 23:57:41 +0000</lastBuildDate> <language>en-AU</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.1</generator> <image> <url>https://www.tyro.com/wp-content/uploads/2019/07/tyro-fav-512-150x150.png</url> <title>2024 | Tyro</title> <link>https://www.tyro.com/blog/press-category/2024/</link> <width>32</width> <height>32</height> </image> <item> <title>Aussie businesses can now accept contactless payments using Tap to Pay on Android with TYRO BYO</title> <link>https://www.tyro.com/about-tyro/media/aussie-businesses-can-now-accept-contactless-payments-using-tap-to-pay-on-android-with-tyro-byo/</link> <dc:creator><![CDATA[Al Walsh]]></dc:creator> <pubDate>Mon, 04 Nov 2024 23:53:43 +0000</pubDate> <guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&p=39181</guid> <description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/aussie-businesses-can-now-accept-contactless-payments-using-tap-to-pay-on-android-with-tyro-byo/">Aussie businesses can now accept contactless payments using Tap to Pay on Android with TYRO BYO</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></description> <content:encoded><![CDATA[ <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <section class="section chapter-section "> <div class="module module-chapter-section"> <div class="container"> <div class="rich-text-editor"> <p style="font-weight: 400;">Tyro Payments (Tyro) is pleased to announce that Australian businesses are now able to accept in-person contactless payments seamlessly and securely with Tap to Pay on Android using the <a href="https://www.tyro.com/products/eftpos/tyro-byo-app/">Tyro BYO App</a>.</p> <p>The Tyro BYO Android App is a contactless payment acceptance solution for smartphones running Android 9.0 or later. New Tyro customers can be set up within minutes by downloading the app from the Google Play store and creating an account, and existing Tyro customers can simply download the app and set up a user ID through their existing account. At checkout, the merchant can simply prompt the customer to hold their android device or their contactless credit or debit card, or other digital wallet near the merchant’s device, and the payment will be securely completed using NFC technology. Tap to Pay on Android also supports PIN entry, which includes accessibility options.</p> <p style="font-weight: 400;">Tyro CEO Jon Davey said, “As demand for digital payments has grown, we know that merchants are increasingly looking for cost effective, flexible payment acceptance solutions that allow them to accept payments anytime, anywhere. Following our first-to-market launch of Tyro BYO for iOS in 2023, we’re thrilled to launch Tyro BYO for Android so that we can make payments the easiest part of doing business for even more merchants in Australia.”</p> <p style="font-weight: 400;">Tyro BYO for Android follows Tyro’s launch, in May 2023, of the Tyro BYO App for iOS, which was named Best App Innovation and Best Banking and Payments Innovation in the 2024 Finder Innovation Awards recently.</p> <p style="font-weight: 400;">For more information on Tyro BYO solution, visit: <a href="http://www.tyro.com/lp/tyro-byo">www.tyro.com/lp/tyro-byo</a></p> <p style="font-weight: 400;"><strong>Media Enquiries:</strong> Lucy Rowles | <a href="mailto:media@tyro.com">media@tyro.com</a></p> <p style="font-weight: 400;"><strong>About Tyro Payments</strong><strong> </strong><strong><br /> </strong>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 700 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. For more information visit <a href="https://www.tyro.com/products">tyro.com/products</a></p> <p> <br /> <small></p> <p style="font-weight: 400;">Disclaimer: 1 Tap to Pay Android requires Android devices to be Near Field Communication (NFC) enabled and running on Android Operating Systems (OS) 9.0 (pie) or later. Some contactless cards may not be accepted by the Tyro BYO App. The Contactless Symbol is a trademark owned by and used with permission of EMVCo, LLC. The Tyro BYO App requires mobile connectivity for use. Android, Google Play and Google Pay are trademarks of Google LLC. 2. Approval is subject to tyro’s internal assessment and verification processes. Exclusions apply. Where applicable, the ability to process payments is subject to the shipment and delivery of EFTPOS terminal.</p> <p></small><br /> </p> </div> </div> </div> </section></div></div></div> <p>The post <a href="https://www.tyro.com/about-tyro/media/aussie-businesses-can-now-accept-contactless-payments-using-tap-to-pay-on-android-with-tyro-byo/">Aussie businesses can now accept contactless payments using Tap to Pay on Android with TYRO BYO</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></content:encoded> </item> <item> <title>New data from Tyro reveals how Aussies are eating, spending and drinking in 2024</title> <link>https://www.tyro.com/about-tyro/media/new-data-from-tyro-reveals-how-aussies-are-eating-spending-and-drinking-in-2024/</link> <dc:creator><![CDATA[Al Walsh]]></dc:creator> <pubDate>Tue, 08 Oct 2024 23:41:31 +0000</pubDate> <guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&p=38526</guid> <description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/new-data-from-tyro-reveals-how-aussies-are-eating-spending-and-drinking-in-2024/">New data from Tyro reveals how Aussies are eating, spending and drinking in 2024</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></description> <content:encoded><![CDATA[ <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <section class="section chapter-section "> <div class="module module-chapter-section"> <div class="container"> <div class="content-wrapper "> <h3>Is the Aussie pub shout dead?</h3> </div> <div class="rich-text-editor"> <p><span data-contrast="auto">One third of Aussies (41%) are less likely to shout their mates a drink now, compared to a year ago. They’re also opting to order drinks using a QR code to avoid the awkward conversation with mates, according to the newly released Eat, Pay, Love Hospitality Report by Tyro Payments </span><span data-contrast="auto"> </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span><span data-contrast="auto"> </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">This Report reveals insights from over 1,000 Aussie consumers and </span><span data-contrast="auto">highlights that, despite financial pressures, in a post COVID era, Aussies are still keen to go out and spend but perhaps with a little more caution. </span><span data-contrast="auto"> </span><br /> <span data-contrast="auto"> </span><br /> <span data-contrast="auto">Tyro data shows that Aussies are spending about the same on average per visit at drinking establishments in Sydney, $34.15 (FY 2023/24) compared to $34.03 in the previous Financial Year (FY 2022/23). </span><span data-contrast="auto"> </span><span data-contrast="auto">Whereas, in Melbourne the average spend on a tipple has slightly decreased by 0.81%</span><span data-contrast="auto">, now $36.43 (FY 2023/24) compared to $36.73 (FY 2022/23). </span><br /> <span data-contrast="auto"> </span><br /> <span data-contrast="auto">Tyro’s Chief Growth Officer Dee Bannatyne said, “While people may have shouted their mates in the past, they’re now spending more consciously and prioritising their own spending so that they can continue to go out and have a good time.” </span></p> <p><span data-contrast="auto">“In an era when cost of living pressures are at an all-time high, we wanted to better understand how Aussies feel about spending their time and money.” </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">“What we found was that there’s more to the story than blanket conservative spending. Across a large cross-section of ages and locations, Aussies told us that, on the whole, they love going to their local restaurants and pubs – they’re just spending their hard-earned cash a little bit differently than they did before. Paying for themselves rather than their mates, using ever-advancing hospitality tech like QR-code ordering, and opting to tip less.” </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">“We know from our merchant base that hospitality businesses are regularly adjusting to these changing behaviours with special offers and menu pivots so that Aussie consumers continue to Eat, Pay, Love.” </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></p> <p> </p> <p><span style="text-decoration: underline;"><b>Tyro Eat, Pay, Love Report Key Takeaways: </b> </span></p> <ul> <li data-leveltext="" data-font="Symbol" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1"><span data-contrast="auto">More than a third of Aussies are less likely to shout their mates a drink now, compared to a year ago, opting to order via a QR code instead. </span><span data-contrast="auto"> </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></li> </ul> <ul> <li data-leveltext="" data-font="Symbol" data-listid="8" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1"><span data-contrast="auto"> More than half of Aussies are consciously ordering less expensive dishes when they eat out to save money.</span> <span data-contrast="auto">But, with many restaurants having to increase prices to cover their costs, one in three Aussies is willing to pay more for a meal.</span><span data-contrast="auto"> </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></li> </ul> <ul> <li data-leveltext="" data-font="Symbol" data-listid="9" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1"><span data-contrast="auto">Aussies say it’s costing $91 a week, on average, just to stay in. </span><span data-contrast="auto"> </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></li> </ul> <ul> <li data-leveltext="" data-font="Symbol" data-listid="10" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1"><span data-contrast="auto">More than half of Aussies say going to their ‘local’ makes them feel a part of their community. </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></li> </ul> <ul> <li data-leveltext="" data-font="Symbol" data-listid="11" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1"><span data-contrast="auto">21% of Aussies are willing to cut back on clothes, shoes and make up and 20% would prefer to go without takeaway so that they can go out instead. </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></li> </ul> <ul> <li data-leveltext="" data-font="Symbol" data-listid="12" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1"><span data-contrast="auto">$5.50 for a coffee and $8.50 for a beer is the average price Aussies are willing to pay. </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></li> </ul> <p><span data-contrast="auto"> </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></p> <h4>Check out the full report here: <a href="/wp-content/uploads/2024/10/Tyro_EatPayLove-Report_2024.pdf">Tyro Eat Pay Love Report</a><br /> <b><span data-contrast="auto"> </span></b><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></h4> <p><b><span data-contrast="auto">About Tyro Payments</span></b><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></p> <p>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 700 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. For more information, visit <span class="csg-mark-underline"><a class="csg-mark-link" title="https://aus01.safelinks.protection.outlook.com/?url=http%3A%2F%2Ftyro.com%2F&data=05%7C02%7Cawalsh%40tyro.com%7C18be89de3a75449bec5108dcdcf9d90d%7Cd6a9d010edf049c8b02d2333736a83e2%7C1%7C0%7C638628212873739640%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=Sj55N6gRTEzXTgeJt%2F38z20yXtsCdnbdNIkZL4nMads%3D&reserved=0" href="http://www.tyro.com" data-outlook-id="056860fd-9b32-44a6-9eb6-0c9c7ff09158">tyro.com</a></span></p> <p><b><span data-contrast="auto"> Media enquiries: </span></b><b><span data-contrast="auto"> </span></b><b><span data-contrast="auto">Lucy Rowles, Communications Manager, 0420 669 267</span></b><span data-contrast="none"> </span><span data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":0,"335559740":240}"> </span></p> </div> </div> </div> </section></div></div></div> <p>The post <a href="https://www.tyro.com/about-tyro/media/new-data-from-tyro-reveals-how-aussies-are-eating-spending-and-drinking-in-2024/">New data from Tyro reveals how Aussies are eating, spending and drinking in 2024</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></content:encoded> </item> <item> <title>FY24: Tyro delivers four-fold increase in net profit of $25.7m, generates strong free cash flow</title> <link>https://www.tyro.com/about-tyro/media/fy24-tyro-delivers-four-fold-increase-in-net-profit-of-25-7m-generates-strong-free-cash-flow/</link> <dc:creator><![CDATA[Al Walsh]]></dc:creator> <pubDate>Sun, 25 Aug 2024 23:35:51 +0000</pubDate> <guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&p=38236</guid> <description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/fy24-tyro-delivers-four-fold-increase-in-net-profit-of-25-7m-generates-strong-free-cash-flow/">FY24: Tyro delivers four-fold increase in net profit of $25.7m, generates strong free cash flow</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></description> <content:encoded><![CDATA[ <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <section class="section chapter-section pt-0 pb-0 "> <div class="module module-chapter-section"> <div class="container"> <div class="rich-text-editor"> <h2>FY24 Highlights</h2> <p>• Gross profit grew 9.1% year-on-year to $210.8 million driven by:</p> <p style="padding-left: 30px;">• Successful pricing transformation.</p> <p style="padding-left: 30px;">• 21% growth in Health transaction volume.</p> <p style="padding-left: 30px;">• Strong uptake of integrated banking, with a 27% increase in banking users and 29.4% increase in banking gross profit.</p> <p>• EBITDA grew 31.6% year-on-year to $55.7 million, with an EBITDA margin of 26.4%.</p> <p>• Net profit after tax (statutory) increased four-fold to $25.7m (FY23: $6.0m).</p> <p>• Free cash flow grew five-fold year-on-year to $30.4 million (FY23: $5.7m).</p> <p> </p> <p><strong>Sydney, 26 August 2024</strong> – Tyro Payments Limited (Tyro or the Group) today announced its full year results for the 2024 financial year. The Group reported an increase in gross profit and EBITDA, as well as a five-fold increase in free cash flow.</p> </div> </div> </div> </section></div></div></div> <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <section class="section section-feature-media pt-0 pb-0 "> <div class="module"> <div class="content-wrapper"> <h2>Summary of Results (normalised unless stated otherwise)</h2> <p>Summary of Results (normalised unless stated otherwise)</p> </div> <div class="spotlight-img"> <img decoding="async" class="img-fit-cover" src="https://www.tyro.com/wp-content/uploads/2024/08/FY24-Results-Press-Release-Summary-of-Results-2.png" alt=""> </div> </div> </section></div></div></div> <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <section class="section chapter-section pt-0 pb-0 "> <div class="module module-chapter-section"> <div class="container"> <div class="rich-text-editor"> <p><small>* Percentages and totals are based on full reported numbers (i.e., non-rounded source data)</small></p> <ol> <li><small>Normalised revenue is adjusted to exclude the gain on remeasurement of the commission liability related to the Bendigo Alliance, Lightspeed compensation received and the recognition of the me&u investment as a financial asset after Tyro’s ownership reduced in prior period, resulting in a gain on revaluation.</small></li> <li><small>Normalised gross profit is adjusted to reflect the Bendigo Alliance gross profit share not deducted from statutory gross profit but reflected within the movement on commission liability relating to the Bendigo Alliance.</small></li> <li><small>Tyro uses EBITDA as a non-IFRS measure of business performance, which excludes the non-cash impact of share-based payments expense, share of loss from associates, the non-cash accounting impact of the Bendigo Alliance and other one-off costs.</small></li> </ol> </div> </div> </div> </section> <section class="section chapter-section pt-0 pb-0 "> <div class="module module-chapter-section"> <div class="container"> <div class="rich-text-editor"> <p>Tyro CEO and Managing Director Jon Davey said: <em>“We are pleased to announce a strong set of results for FY24. Our focus on delivering sustainable, profitable growth led to $55.7 million of EBITDA, up 31.6%, and an EBITDA margin of 26.4%. We also generated $30.4 million of free cash flow, up five-fold from FY23, and strong net profit of $25.7 million.”</em></p> <p> </p> <h3>Enhanced merchant value proposition and partner innovation</h3> <p>Tyro continued to launch enhancements for merchants and partners in FY24, with highlights including:</p> <p>• Next-generation Android Tyro Pro terminal;<br /> • Embedded payments software development kit (SDK) for developers and POS providers;<br /> • New online payments features in Tyro Merchant Portal;<br /> • Strong partner growth, including new integration with global health insurer;<br /> • New integrations driving partner innovation through proprietary Loyalty and Pay APIs;<br /> • Strong uptake of integrated banking, with a 27% increase in banking users.</p> <p>Tyro CEO and Managing Director Jon Davey said: <em>“We are here to make payments the easiest part of doing business, whether that be in-store, on-the-go or online. This year we accelerated the delivery of game-changing solutions for our merchants and partners including our Tyro Pro terminal and embedded payments software development kit, which allows partners to embed our payments technology into a wide range of devices.”</em></p> <p><em>“We also continued to innovate to bolster our online payments offering for merchants and our broad partner network, which increased by more than 100 active partners this year. Merchants can now process payments within the Tyro Merchant Portal and send payment invoice links directly to customers. We also enabled card-matching for Australian-first instant cashback app, Hello Clever, and integrated payments for StoreConnect, the first Salesforce-native POS for small businesses.”</em></p> <p><em>“Our integrated banking products remain a valuable part of our customer value proposition, allowing merchants to pay and get paid easily. In FY24, active Tyro banking users grew 27%, reflecting our strong value proposition.”</em></p> <p> </p> <h3>Accelerating to enter new verticals in FY25</h3> <p>Tyro will leverage its unique in-house payments infrastructure to enter new verticals in 2025.</p> <p>Tyro CEO and Managing Director Jon Davey said:<em> “We remain focused on extending our product offering and continuing to develop valuable innovations for our partners and merchants. In FY25, we will enter two new verticals where we have a unique capability that will provide a competitive advantage, including unattended payments and a growing vertical adjacent to Health. With these initiatives in play, we are confident in our runway for growth.”</em></p> <h3></h3> <p> </p> <h3>Outlook and Guidance: Gross profit growth and improved profitability</h3> <p>Tyro expects continued gross profit growth and improved profitability, despite ongoing challenging market conditions facing our merchants.</p> <p>• Gross profit of between $218m and $226m in FY25 at an EBITDA margin of c.28% expected in FY25.<br /> • Tyro also announced medium-term targets that demonstrate a commitment to delivering profitable and sustainable growth, expecting to deliver ‘Rule of 40’ or greater for FY26 onwards (basis: normalised gross profit growth + EBITDA margin).</p> <p>Tyro also reported a strong capital position and announced the establishment of the Tyro Employee Share Trust (<strong>the Trust</strong>) to purchase shares on-market to fulfil its future issuance commitments to its employees. The Trust expects to purchase up to $5 million of shares within the FY25 year as part of its capital management initiatives.</p> </div> </div> </div> </section></div></div></div> <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <section class="section section-feature-media pt-0 pb-0 "> <div class="module"> <div class="spotlight-img"> <img decoding="async" class="img-fit-cover" src="https://www.tyro.com/wp-content/uploads/2024/08/FY24-Results-Press-Release-Earnings-Guidance-Range-for-FY25.png" alt=""> </div> </div> </section></div></div></div> <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <section class="section chapter-section pt-0 pb-0 "> <div class="module module-chapter-section"> <div class="container"> <div class="rich-text-editor"> <ol> <li><small>Normalised gross profit is adjusted to reflect the Bendigo Alliance gross profit share not deducted from statutory gross profit but reflected within the movement on commission liability relating to the Bendigo Alliance.</small></li> <li><small>Tyro uses EBITDA as a non-IFRS measure of business performance, which excludes the non-cash impact of share-based payments expense, share of loss from associates, the non-cash accounting impact of the Bendigo Alliance and other one-off costs.</small></li> </ol> </div> </div> </div> </section> <section class="section chapter-section pt-0 pb-0 "> <div class="module module-chapter-section"> <div class="container"> <div class="rich-text-editor"> <p>For detailed commentary, please refer to Tyro’s FY24 Annual Report and FY24 Investor Presentation.</p> <h3></h3> <p> </p> <h3>Investor webinar</h3> <p>A briefing for investors, analysts and media will be held at 9:30am Australian Eastern Standard Time (AEST) today. The briefing will be hosted by Tyro CEO and Managing Director Jon Davey and CFO Prav Pala. Participants can register for this webinar here: <a href="https://webcast.openbriefing.com/tyr-fyr-2024/">FY24 Results Investor Presentation Registration</a>. Registered participants will receive the details to the webinar upon registration. For more information, please contact:</p> <p><strong>Media</strong>: Gemma Garkut, +61 422 040 559, <a href="mailto:media@tyro.com">media@tyro.com</a></p> <p><strong>Investors</strong>: Martyn Adlam, +61 452 112 621, <a href="mailto:investorrelations@tyro.com">investorrelations@tyro.com</a></p> <p><em><strong>Pursuant to Listing Rule 15.5, Tyro confirms this document has been authorised for release by its Board of Directors.</strong></em></p> <p> </p> <hr /> <p> </p> <h3>About Tyro</h3> <p>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 700 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.</p> <p><em><strong>Forward-Looking Statements</strong>: Tyro’s financial expectations and guidance included in this announcement are subject to there being no material deterioration in market or macroeconomic conditions, and are based on a number of key assumptions which may not prove to be correct, or which may change over time, including no material changes to current business plan and no material change in the regulatory environment. During the ordinary course of business, the Group is exposed to credit risk, operational risk, market risk, macroeconomic risk and liquidity risk. For details on the management of these risks, please refer to the Annual Report including the Operating & Financial Review and the Financial Report for the year ended 30 June 2024. Certain statements contained in this announcement are forward-looking statements or statements about future matters, including indications and expectations of, and guidance and outlook on, the future earnings, financial position and/or performance of Tyro. These statements are based on information available as at the date of this announcement and involve known and unknown risks and uncertainties and other factors (many of which are beyond the control of Tyro). No representation is made or guarantee given that the occurrence of any of the events expressed or implied in these statements will actually occur. Actual future events may vary from these forward-looking statements and it is cautioned that undue reliance should not be placed on any forward-looking statement.</em></p> </div> </div> </div> </section></div></div></div> <p>The post <a href="https://www.tyro.com/about-tyro/media/fy24-tyro-delivers-four-fold-increase-in-net-profit-of-25-7m-generates-strong-free-cash-flow/">FY24: Tyro delivers four-fold increase in net profit of $25.7m, generates strong free cash flow</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></content:encoded> </item> <item> <title>Tyro Urges Aussie Businesses to Prepare for 3G Shutdown</title> <link>https://www.tyro.com/about-tyro/media/tyro-urges-aussie-businesses-to-prepare-for-3g-shutdown/</link> <dc:creator><![CDATA[Al Walsh]]></dc:creator> <pubDate>Wed, 24 Jul 2024 01:43:49 +0000</pubDate> <guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&p=37743</guid> <description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-urges-aussie-businesses-to-prepare-for-3g-shutdown/">Tyro Urges Aussie Businesses to Prepare for 3G Shutdown</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></description> <content:encoded><![CDATA[ <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <section class="section chapter-section "> <div class="module module-chapter-section"> <div class="container"> <div class="content-wrapper "> <h3>What small businesses need to do to get 3G shutdown ready</h3> </div> <div class="rich-text-editor"> <p class="p1">Tyro is calling on Aussie business owners to prepare for the shutdown of the 3G network and avoid disruptions to how they take payments.</p> <p class="p1">The 3G network will be shut down on the weekend of August 31 and September 1, meaning devices currently connected to 3G will no longer function unless switched to Wi-Fi or an Ethernet connection.</p> <p class="p1">Tyro has been in contact with all customers who have a device that is connected to the 3G Network with instructions on how to update their network connection before the end of August.</p> <p class="p1">With 6 weeks to go, Tyro’s Head of In-store Payments Matt Patterson is urging all business owners to check now if they will be impacted.</p> <p class="p1">“The 3G network is still used by many businesses to take payments so we encourage all business owners to find out if they are using a 3G device and need to make the switch,” he said.</p> <p class="p1">“We’ve been in contact with our merchants all over Australia to make sure every one of our businesses is 3G shutdown ready, but we know that if you’re a busy business owner with a working payments terminal, you may not have had the chance to check if this is something you need to do.</p> <p class="p1">“The last thing we want for businesses owners is disruptions to their service, especially over Fathers’ Day weekend which we know is a busy trading time for hospitality venues and retail stores.</p> <p class="p1">“For Tyro customers, please check for an email or SMS from us, visit <a href="http://www.tyro.com/3G">www.tyro.com/3G</a> or contact our customer service team during business hours on 1300 048 976, Mr Patterson added.</p> <p class="p1">All business owners can visit www.3gclosure.com.au for helpful steps on how to check if they are impacted.</p> <h4></h4> <h4 class="p1"><strong>About Tyro Payments</strong></h4> <p class="p1">Tyro is a leading Australian payments company that makes it fast and easy for small businesses to accept payments and manage their cashflow. Powering more than 68,000 businesses across the country, Tyro’s innovative products integrate with over 330 system partners in hospitality, retail, health and services so that Australian merchants can run and grow their business, their way.</p> <p class="p1">Media enquiries: Lucy Rowles, Communications Manager, 0420 669 267</p> </div> </div> </div> </section></div></div></div> <p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-urges-aussie-businesses-to-prepare-for-3g-shutdown/">Tyro Urges Aussie Businesses to Prepare for 3G Shutdown</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></content:encoded> </item> <item> <title>Tyro powers Australian innovation first for retail SMES with StoreConnect</title> <link>https://www.tyro.com/about-tyro/media/tyro-payments-powers-australian-innovation-first-for-retail-smes-with-storeconnect/</link> <dc:creator><![CDATA[Al Walsh]]></dc:creator> <pubDate>Thu, 20 Jun 2024 23:15:55 +0000</pubDate> <guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&p=37027</guid> <description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-payments-powers-australian-innovation-first-for-retail-smes-with-storeconnect/">Tyro powers Australian innovation first for retail SMES with StoreConnect</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></description> <content:encoded><![CDATA[ <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <section class="section chapter-section pt-28 "> <div class="module module-chapter-section"> <div class="container"> <div class="rich-text-editor"> <p>Tyro Payments proudly announces its partnership with <strong>StoreConnect</strong>, enabling integrated payments for the first ever point-of-sale (POS) solution built on Salesforce for small to medium size businesses.</p> <p>Built on Sales Cloud, the StoreConnect POS includes an e-Commerce website, POS terminal, cash drawer and receipt printer, all of which now fully integrate with Tyro. Through this Australian-first integration with Tyro, business owners, particularly multi-site retailers with large inventories, can now accept payments natively within StoreConnect’s Salesforce POS.</p> <p>According to Deanne Bannatyne, Chief Growth Officer at Tyro Payments, Tyro’s seamless payments integration with StoreConnect’s innovative POS means that Australian business owners using Salesforce as their CRM will be able to understand their customers better than ever before and streamline their operations.</p> <p>“At Tyro, we believe nothing should get in the way of success for Australian businesses,” Ms Bannatyne said.</p> <p>“We’re so thrilled to be able to work with StoreConnect to power this Australian first innovation, to help more merchants take payments seamlessly with an exciting all-in-one POS solution.”</p> <p>Mikel Lindsaar, founder and CEO of StoreConnect says, “Small and medium sized businesses in the retail consumer goods space are facing an ever-increasing challenge of providing customer commerce to compete with retail goliaths even though they don’t have the same sized budget.</p> <p>“We’ve been on a mission to build StoreConnect to be a powerful tool to help SMEs around the world to remain competitive, and we’ve delivered on that mission with our Point-of-Sale release here in Australia.”</p> <p><strong> </strong></p> <p><strong>About Tyro Payments</strong></p> <p>Tyro is a leading Australian payments company that makes it fast and easy for small businesses to accept payments and manage their cashflow. Powering more than 68,000 businesses across the country, Tyro’s innovative products integrate with over 330 system partners in hospitality, retail, health and services so that Australian merchants can run and grow their business, their way.</p> <p> </p> <p><strong>About StoreConnect</strong></p> <p>StoreConnect is the first complete & affordable Direct to Consumer solution built on Salesforce. Build direct customer commerce relationships with the world’s first-all in-one eCommerce, Point of Sale, memberships, subscriptions, stock, rewards and loyalty, and Content Management System. Perfectly priced for SMBs, mid-market, nonprofits, and education alike. For more information, visit <a href="http://www.getstoreconnect.com">www.getstoreconnect.com</a></p> </div> </div> </div> </section></div></div></div> <p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-payments-powers-australian-innovation-first-for-retail-smes-with-storeconnect/">Tyro powers Australian innovation first for retail SMES with StoreConnect</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></content:encoded> </item> <item> <title>Tyro Recognised for Excellence in Business Lending</title> <link>https://www.tyro.com/about-tyro/media/tyro-recognised-for-excellence-in-business-lending/</link> <dc:creator><![CDATA[Al Walsh]]></dc:creator> <pubDate>Wed, 12 Jun 2024 00:04:21 +0000</pubDate> <guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&p=36728</guid> <description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-recognised-for-excellence-in-business-lending/">Tyro Recognised for Excellence in Business Lending</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></description> <content:encoded><![CDATA[ <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <section class="section chapter-section pt-28 "> <div class="module module-chapter-section"> <div class="container"> <div class="rich-text-editor"> <p>Tyro Payments has taken home the award for <strong>Excellence in Business Lending</strong> at the <strong>2024 Finnie Awards,</strong> presented by FinTech Australia.</p> <p>This award recognises Tyro’s innovative approach towards its business lending product, built specifically for Australian merchants to repay loans seamlessly through their daily takings, supporting businesses at every stage of their growth journey and simplifying loan management in fast-paced industries such as hospitality.</p> <p>Through the Tyro app or web portal, customers can apply and receive funds in under a minute, revolutionising the traditional loan process. Tyro remains committed to empowering Australian businesses with flexible and efficient financial solutions.</p> <p>Tyro’s Head of Banking, Samantha McEncroe said the Excellence in Business Lending Award acknowledges Tyro’s efforts to help small and medium businesses manage their cashflow with ease. “We are extremely proud to be recognised for this innovative banking product, she said.</p> <p>“Having provided payments solutions for Australian merchants for more than 20 years, we know that cashflow is the lifeblood for small businesses in dynamic industries such as hospitality, retail and on-the-go services.</p> <p>“The seamless repayment process of our business loan, means that merchants can more efficiently manage their cashflow operations, without the need for a lumpy monthly repayment and the need to manually manage direct debits,” Ms McEncroe said.</p> <p>Winners of the 2024 Finnies Awards were selected by an industry judging panel from 322 entries across 19 categories. Tyro was also a finalist in the Excellence in Payments category.</p> <p>To find out more about <strong>Tyro’s Business loan</strong>, visit <a href="/products/business-loans/">www.tyro.com/products/business-loans/</a></p> </div> </div> </div> </section></div></div></div> <p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-recognised-for-excellence-in-business-lending/">Tyro Recognised for Excellence in Business Lending</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></content:encoded> </item> <item> <title>H1 FY24: Tyro delivers strong profitability, with 40.6% EBITDA uplift and $105.2M gross profit</title> <link>https://www.tyro.com/about-tyro/media/tyro-delivers-strong-profitability-with-40-6-ebitda-uplift-and-105-2m-gross-profit/</link> <dc:creator><![CDATA[Al Walsh]]></dc:creator> <pubDate>Tue, 27 Feb 2024 06:17:21 +0000</pubDate> <guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&p=32279</guid> <description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-delivers-strong-profitability-with-40-6-ebitda-uplift-and-105-2m-gross-profit/">H1 FY24: Tyro delivers strong profitability, with 40.6% EBITDA uplift and $105.2M gross profit</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></description> <content:encoded><![CDATA[ <div class="wp-block-cgb-container-narrow container narrow-container container-block"><div class="row"><div class="col s12"> <h2 class="wp-block-heading"><strong>H1 FY24 Highlights</strong></h2> <ul class="wp-block-list"> <li>Gross profit increased 10.5% on H1 FY23 to <strong>$105.2 million</strong>.</li> <li>EBITDA increased 40.6% on H1 FY23 to <strong>$27.3 million, </strong>improving EBITDA margin by 5.6 ppt to 26%.</li> <li>Free cash flow increased 17.8x on H1 FY23 to <strong>$10.4 million</strong>.</li> <li>Transaction value increased 2.2% on H1 FY23 to <strong>$22.2 billion</strong>.</li> <li>Record results from Tyro Health with transaction value up 24% on H1 FY23. </li> </ul> <p></p> <p><strong>Sydney, 27 February 2024 – </strong>Tyro Payments Limited (<strong>Tyro </strong>or the <strong>Company</strong>) today announced its results for the first half of the 2024 financial year. The Company reported strong profitability, with EBITDA and gross profit growth, and an improved EBITDA margin driven by an ongoing focus on margin management and cost discipline. </p> <p>A webinar hosted by CEO and Managing Director Jon Davey and CFO Prav Pala will be held for investors today at 9:00am (AEDT). Registration via this <strong><a href="https://s1.c-conf.com/diamondpass/10036677-t7wgfn.html" data-type="link" data-id="https://s1.c-conf.com/diamondpass/10036677-t7wgfn.html">link</a>.</strong></p> <p><strong>Summary of Results </strong><strong></strong></p> <figure class="wp-block-image size-full"><img fetchpriority="high" decoding="async" width="1662" height="372" src="https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.23 pm.png" alt="" class="wp-image-32280" srcset="https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.23 pm.png 1662w, https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.23 pm-1536x344.png 1536w, https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.23 pm-1352x303.png 1352w, https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.23 pm-960x215.png 960w, https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.23 pm-676x151.png 676w" sizes="(max-width: 1662px) 100vw, 1662px" /></figure> <p>* Percentages are based on full reported numbers (i.e., non-rounded source data)</p> <ol class="wp-block-list" style="list-style-type:1"> <li><em>Refer to page 28 of the HY FY24 Investor Presentation for a reconciliation of statutory to normalised results.</em></li> <li><em>Tyro uses EBITDA as a non-IFRS measure of business performance, which excludes the non-cash impact of share-based payments expense, share of (loss)/gain from associates, the non-cash accounting impact of the Bendigo Alliance and other one-off costs.</em></li> </ol> <p><strong>Tyro CEO and Managing Director Jon Davey commented on the </strong><strong>Company’s </strong><strong>results.</strong></p> <p><strong>Driving operational efficiency and growth in non-discretionary verticals.</strong></p> <p>“<em>Tyro uses EBITDA as a non-IFRS measure of business performance, which excludes the non-cash impact of share-based payments expense, share of (loss)/gain from associates, the non-cash accounting impact of the Bendigo Alliance and other one-off costs.</em>“</p> <p><strong>Increasing uptake of our complementary solutions to improve customer lifetime value.</strong></p> <p><em>“</em><em>Our customers appreciate the simplicity of our integrated payments and cashflow offering. During the half, almost one in five new customers signed up for our payments and banking products, valuing the benefits that an integrated solution provides, and we expect this number to grow significantly over the calendar year. Our data shows that these customers are likely to stay with Tyro for longer, giving us confidence in future merchant and transaction value </em><em>growth.”</em></p> <p><strong>Innovating to meet our merchant</strong><strong>s’ </strong><strong>unique needs.</strong></p> <p><em>“We know what our customers want. At the top of the list is receiving their funds quickly, being able to make payments, and accepting payments in a variety of ways, including non-traditional terminals. We have accelerated the development of new payments and banking features to meet these needs, which will be available from June.</em></p> <p>“<em>For merchants with a Tyro Bank Account, we will be launching multi-account settlement times, making it easy to choose when they receive their daily takings. We will also launch a</em> <em>virtual debit card, which can be generated on demand by merchants to make payments. We are also introducing a unified payments solution. Tyro’s embedded payments software development kit can be integrated with any iOS or Android POS system, making it easy for merchants to accept payments on any tap-enabled hardware device.</em>”</p> <p><strong>Confidence for the second half.</strong></p> <p><em>“Despite </em><em>the macroeconomic environment, we are confident in the resilience of our business and opportunities for growth. Our disciplined approach to operational efficiency and cost management has paid off and is engrained into our way of working. In line with our strategy, we will expand into at least one new vertical this calendar year, boosting our customer base across a more diverse portfolio of industries, and we will continue to develop and promote our cashflow solutions alongside our payments services</em><em>.”</em></p> <p><strong>Earnings guidance range for FY241<br></strong></p> <figure class="wp-block-image size-full"><img decoding="async" width="1622" height="320" src="https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.47 pm.png" alt="" class="wp-image-32281" srcset="https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.47 pm.png 1622w, https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.47 pm-1536x303.png 1536w, https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.47 pm-1352x267.png 1352w, https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.47 pm-960x189.png 960w, https://www.tyro.com/wp-content/uploads/2024/02/Screenshot-2024-02-27-at-1.40.47 pm-676x133.png 676w" sizes="(max-width: 1622px) 100vw, 1622px" /></figure> <ul class="wp-block-list"> <li><em><sup>1</sup> This FY24 guidance includes forward-looking statements. Refer below.</em></li> <li><em><sup>2</sup> Gross profit is stated as normalised gross profit, namely adjusted for Bendigo Alliance partner share and non-operating gains recognised in the period. Bendigo gross profit share is not deducted from statutory gross profit but deducted to calculate normalised gross profit.</em></li> <li><em><sup>3</sup> Tyro uses EBITDA as a non-IFRS measure of business performance, which excludes the non-cash impact of share-based payments expense, share of (loss)/gain from associates, the non-cash accounting impact of the Bendigo Alliance and other one- off costs.</em></li> <li><em><sup>4</sup> EBITDA Margin is measured as EBITDA (including lending and non-lending losses) divided by gross profit (after Bendigo commission).</em></li> <li><em><sup>5</sup> Free Cash Flow is calculated before changes in banking funds and timing differences relating to net scheme receivables. It is calculated as EBITDA before share based payments adjusted for non-cash items in Tyro’s working capital movements, statutory adjustments (including rent payments) and capital expenditure including internally generated intangibles. Terminal capital expenditure includes both new and replacement terminals. Guided positive Free Cash Flow is prior to recognition of $10 million of settlement proceeds received from Kounta subsequent to balance date.</em></li> </ul> <p>For detailed commentary, please refer to Tyro’s 2024 Interim Report and H1 FY24 Investor Presentation.</p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <p>For further information, please contact:</p> <p><strong>Media:</strong> Gemma Garkut | Phone: +61 422 040 559 | Email: <a href="mailto:ggarkut@tyro.com">ggarkut@tyro.com</a><br><strong>Investors</strong>: Martyn Adlam | Phone: +61 452 112 621 | Email: <a href="mailto:investorrelations@tyro.com">investorrelations@tyro.com</a></p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <p></p> <p><strong>Forward-Looking Statements</strong><br>Tyro’s financial expectations and guidance included in this announcement reflect Tyro’s intent, belief or current expectations as at the date of this presentation and are subject to there being no material deterioration in market or macroeconomic conditions, and are based on a number of key assumptions which may not prove to be correct, or which may change over time, including no material changes to current business plan and no material change in the regulatory environment. These factors are beyond Tyro’s control, which may cause actual results to differ materially from those expressed or implied. During the ordinary course of business, the Group is exposed to credit risk, operational risk, market risk and liquidity risk. For details on the management of these risks, please refer to the Annual Report including the Financial Report for the year ended 30 June 2023. Certain statements contained in this announcement are forward-looking statements or statements about future matters, including indications and expectations of, and guidance and outlook on, the future earnings, financial position and/or performance of Tyro. These statements are based on information available as at the date of this announcement, and involve known and unknown risks and uncertainties and other factors (many of which are beyond the control of Tyro). Other than as required by law, no representation is made or guarantee given by Tyro that the occurrence of any of the events expressed or implied in these statements will actually occur. Actual future events may vary from these forward- looking statements and it is cautioned that undue reliance should not be placed on any forward-looking statement. Subject to any continuing obligations under applicable law, we expressly disclaim any obligation to provide any updates or revisions to any forward-looking statements in this presentation to reflect events or circumstances after the date of this presentation.</p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <p></p> <p><strong>About Tyro</strong></p> <p>Tyro is a technology-focused and values-driven Group providing Australian businesses with payment solutions and value-adding business banking products. The Group provides simple, flexible, and payment solutions as a merchant acquirer, along with complementary business banking products. More than 68,700 Australian merchants chose to partner with Tyro at 31 December 2023. The Group processed $22.2 billion in transaction value in H1 FY24 and generated $105.2 million in normalised gross profit, originated a $67.9 million in loans and held deposits totaling $111.8 million. Tyro is Australia’s fifth largest merchant acquiring bank by number of terminals in the market, behind the four major banks.</p> <p>The business was founded in 2003 with a goal of being the most efficient acquirer of electronic payments in Australia. Tyro has a track record of innovation, creating purpose-built solutions and being first to market. This approach saw the company become the first technology company to receive an Australian specialist credit card institution licence in 2005. In 2015 that licence was replaced by the award of an Australian banking licence, making Tyro the first new domestic banking licensee in over a decade.</p> <p>Payments are at the core of Tyro’s business, using its proprietary core technology platform to enable credit and debit card acquiring. This offering is enhanced by features purpose-designed for those merchants who choose to partner with the company, including Point of Sale systems integrations, least-cost routing (Tap & Save) and alternative payment types such as integrated Alipay. While traditionally focused on in-store payments, Tyro also offers eCommerce solutions. Further, Tyro provides value-adding solutions to its partners, such as loans in the form of merchant cash advances and fee-free, interest-bearing merchant transaction accounts.</p> </div></div></div> <p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-delivers-strong-profitability-with-40-6-ebitda-uplift-and-105-2m-gross-profit/">H1 FY24: Tyro delivers strong profitability, with 40.6% EBITDA uplift and $105.2M gross profit</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p> ]]></content:encoded> </item> </channel> </rss>