Payment system

Pyng

Australian payment app from Pyng Payments Pty Ltd (North Sydney) that moves money straight from the customer's bank account to the business's over the New Payments Platform (NPP). The customer scans the business's Pyng QR code or taps a Pyng terminal, and no card network is involved.

Fit and current details

Best for

Cafés, restaurants, shops, barbers and other small businesses that want to stop paying card fees now card surcharges have ended, with money in the bank in seconds and customer rewards built in.

How customers pay

In the Pyng app, linked to the customer's own bank account: they scan the business's QR code or tap a Pyng terminal, and the payment goes bank to bank over the NPP.

Transaction fee

A$0 per transaction on every plan. Basic is A$0 a month; Premium is A$29 a month per site, with Premium fees waived until 2027. No setup fee. Source

Settlement

Instant: payments go straight to the business's own bank account in seconds; Pyng never holds the funds. Source

Australian context

Founded in Australia in early 2024 as Pyng Payments Pty Ltd (ABN 29 675 190 888), based in North Sydney and domestically owned, according to Pyng's own submission to the Reserve Bank of Australia. Source

Pricing

Basic: A$0 a month. Premium: A$29 a month per site, with all Premium fees waived until 2027. Both plans charge A$0 per transaction. Source

Checked

October 2026

Features described by the provider

• A$0 transaction fee on every plan
• Bank-to-bank payments over the New Payments Platform (NPP)
• Instant settlement to your own bank account
• No chargebacks on bank-to-bank payments
• Dynamic QR codes in the Pyng mobile app
• Static QR code board for the counter
• Pyng terminal option
• Customer app for iPhone (App Store)
• Customer app for Android (Google Play)
• Pyng Pops customer cashback (100 Pops = A$1)
• Merchant loyalty programs (Premium)
• Sign-up specials for first-time customers (Premium)
• Campaign analysis and trends (Premium)
• Staff logins to see live transactions
• Spoken payment alerts at the counter
• Apply online; approval typically within 24 hours

Considerations

Customers need the Pyng app, so it doesn't take card payments; Pyng describes itself as a primary or complementary payment method, and its own comparison suggests running it next to a card terminal for customers who want to pay by card. The FAQ says there is no minimum term, while the merchant terms allow one if it is stated in the application form. Merchants need an ABN and an Australian bank account.