By Justin Hendry on Dec 15, 2020 11:30AM But will retain operational autonomy. Australia’s three payments infrastructure providers have agreed to merge as a single entity in a bid to reduce costs and better compete with the growing number of overseas payment platforms. eftpos, BPAY and NPP Australia (NPPA) announced their intention to amalgamate, pending further consultation and approval by the Australian Competition and Consumer Commission. It follows months of consultation that began after the release of an issues paper that set the scene for the Reserve Bank of Australia’s root-and-branch review of the payments system. “In Australia, international card schemes and multinational technology providers are dominating the payments sector,” the trio said in a statement.