TYR – Tyro Payments
Tyro is a payments-solution to retailers. The company services retailers, hospitality, and medical centres, and with 51,000 outlets, it transacts $17 billion annually, or 10% market share.
The benefit to the consumer is that it is highly reliable, has extra functionality (e.g.: splitting bills or adding tips), incorporates Alipay and Zip, and is fully integrated with the point of sale. Analyst Jun Bei sees further verticals being added in time, and flagged a move into travel.
