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Tyro Payments Provides Investor Presentation on Merchant Acquiring Alliance

16 Oct 2020  |  10:15:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Investor Presentation - Merchant Acquiring Alliance

Tyro Payments provided Investor Presentation on Merchant Acquiring Alliance. It reported Tyro terminals (and where applicable eCommerce facilities) rolled-out to all Bendigo Bank merchant acquiring customers. Bendigo Bank is to continue to provide all other banking services to its customers under the alliance. The Company is to establish a customer support presence in Bendigo. Bendigo Bank receives an upfront consideration of $9.0m and an ongoing gross profit share from existing and newly referred Bendigo Bank business customers who use Company's merchant acquiring services.

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