Morningstar backs Aussie Tyro, sees steady growth despite fierce competition

Tyro Payments

27/11/2025 18:47

** Morningstar holds its A$1.30 fair value on Tyro Payments TYR.AX, 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 said 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 28.2%, year-to-date as of last close

 (Reporting by Kumar Tanishk in Bengaluru)

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