Thanks jwrostagno27 the healthcare aspect for TYR was something I missed.

I’ve been observing payment/terminal systems for sometime now and in the past year I have seen Square increasingly used and have been considering the impact on Tyro.

My observations are:

Generally regional vic terminals are CBA and Bendigo bank, this is across all business types.

Bendigo may have the edge in rural places as it is often the only bank branch available in town. From this perspective I consider Tyro taking on Bendigo accounts as a positive.

However, over the past year or so I have seen greater adoption of square products in regional vic. Usually POS systems in hospitality and phone based systems in micro businesses, such as gyms.  New cafes appear to use the square system more often than not.

In contrast, regular visits to Melbourne have showed the uptake of the Square system was wide spread in inner city cafes over a long period of time.

Last week in Officeworks, Shepparton there was a whole bay of Square products, (I don’t frequent Officeworks so they could have been there for sometime) but it does show a broad acceptance of the product.

For a small hospitality business the square POS and payment system looks to have the  edge. The system is obviously harder to use in different industries.

I have been watching Square encroach on Tyro’s space and wondered how/if they can compete.  So the detail on the healthcare systems was a positive aspect I had not considered and can see how that is an edge for Tyro. (FYI in the small town near where I live, there are two medical providers, one uses Tyro and the other hicaps)

I’m also not sure how easily business such as local mechanics etc can integrate with Square, so perhaps there is an advantage for TYR there as well.

Smartpay, I have not come across any terminals in rural vic so not sure how it fits in.  The “numbers” growth sound good at this point, but it is coming from a low base in Aust.

It will be interesting to see how SQ/APT affects the space

Held pa TYR APT