Australia's Tyro Payments gains as Morningstar flags steady growth despite fierce competition

Tyro Payments

28/11/2025 01:06

Updates

** Shares of Tyro Payments TYR.AX rise as much as 2.2% to A$1.068, hitting their highest since November 13

** Morningstar holds its A$1.30 fair value on Tyro Payments, saying the fintech can defend its turf during fierce competition as it pushes into adjacent markets and sharpens its product suite

** Flags investor jitters over the payment gateway provider's grip on non-cash payments, but says its forecasts already bake in the risk

** Investment research firm sees low single-digit volume growth over the next decade, with gains from core merchants tempered by Bendigo merchant attrition

** Looming regulatory shifts could weigh on TYR, but company is better placed to adapt, with its modern platform needing only minor tweaks vs costly overhauls for rivals

** Stock up 31% YTD, including the day's moves

 (Reporting by Kumar Tanishk and Nikita Maria Jino in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))