Tyro Payments is an Australian financial institution specializing in merchant credit, debit, and EFTPOS acquiring. It offers services like mobile EFTPOS machines, business loans, bank accounts, and eCommerce solutions, targeting Small and Medium Enterprises (SMEs) across industries such as hospitality, retail, and health[1][2][5]. Their unique selling proposition is "nextgen banking," focusing on cloud-based integrated EFTPOS solutions and advocating for open data exchange in traditional banking[1][3]. This approach allows Tyro to compete with major banks by providing efficient and innovative financial solutions tailored to SMEs.