Tyro Fair Value Reduced to Reflect Cash Cost of Retaining Staff

Tyro Payments provides merchants with the required infrastructure to accept electronic payments, as well as business banking products. It is the fifth-largest merchant acquirer in Australia by terminals, behind the major four banks. The firm mainly caters to small to medium-size enterprises in the hospitality, retail, and health sectors. It is also expanding into adjacent verticals like trade, accommodation, and services.