Tag: acquisition

Sydney, 1 December 2025

Cuscal Limited (ASX: CCL) today proudly announced the successful completion of its acquisition of Indue Limited (Indue), (the Acquisition), marking a transformative milestone in Australia’s payments industry. This strategic transaction unites two culturally aligned businesses with a strong heritage in the mutual banking sector and a shared commitment to innovation, resilience, and operational excellence.

Why This Matters
The Acquisition strengthens Cuscal’s position as a leading payments and regulated data services provider, enabling further diversification and a stronger growth trajectory. Together, Cuscal and Indue will deliver enhanced capabilities across digital banking, fraud monitoring, switching, and regulated data services, empowering financial institutions, fintechs, and corporates to thrive in a rapidly evolving market.

Craig Kennedy, Managing Director of Cuscal, said:

“The Acquisition is a highly compelling and strategic transaction that marks a significant milestone in Cuscal’s growth journey. It will deliver substantial returns for our shareholders and enhanced outcomes for our clients via greater resilience, operational efficiencies, and innovation at scale. We are delighted to welcome the Indue team and look forward to building on our combined strengths.”

Benefits for Clients and Partners

• Enhanced product and service offerings: operational efficiencies and innovation at scale. 
• Improved resilience: across capital and capabilities that better positions the combined business to respond to heightened regulatory standards, complexity, and cost.
• Increased investment capacity: that will enable greater innovation and investment in best-of-breed resources and capabilities to continue to deliver services both now and into the future. 

Cuscal has significant expertise in integrations and large-scale client migrations, and we’re committed to making the transition smooth for all our clients and partners, with uninterrupted service.

We’re excited about the future we’re building together, strengthening payments and regulated data services while ensuring Australians can bank with the institutions they know and trust.

Better Together
The Acquisition is an important step in Cuscal’s growth journey. By combining strengths, we will help more Australians access fast, secure, and innovative payment and regulated data services, ensuring they can bank and transact with the institutions they know and trust.

About Cuscal
Cuscal is a leading payments and regulated data services provider, connecting banks, fintechs, and corporates to Australia’s payments infrastructure since 1966. Our mission is to partner with forward-thinking businesses to deliver innovative and secure payment solutions that drive growth in the economy.

Media Contact: mediaenquiries@cuscal.com.au.

Sydney, 22 August 2025

Cuscal Managing Director, Craig Kennedy has advised the market today that Cuscal Limited (Cuscal) has entered a conditional, binding agreement to acquire all of the shares in Indue Limited (Indue), an Australian payment services provider, subject to regulatory approvals (the Acquisition).

Commenting on the Acquisition, Cuscal Managing Director, Craig Kennedy said: “We are excited to announce the strategic acquisition of Indue. The Acquisition represents an important evolutionary step for both businesses, bringing together two organisations with a shared heritage, similar values and a complementary client base. The Acquisition is anticipated to drive material synergy opportunities and will result in a more resilient and more sustainable payments business.”

“We look forward to welcoming the Indue team and clients to Cuscal and believe that our experience in seamlessly integrating acquisitions and large-scale client migrations, along with the steps we have taken to ensure our success, including establishing an Integration Advisory Committee, will help us effectively combine the two businesses. It will also help us better support clients and staff and ultimately realise value for shareholders.”

When Cuscal joined the ASX last year, we made a commitment to pursue organic and inorganic growth, and the Acquisition marks a significant milestone in our strategic journey. Together with the outstanding banks and organisations we work with and support, we’re proud to have the opportunity to enable even more Australians to access the best in fast, secure, digital payment and data service experiences. The acquisition drives these benefits in the following ways:

• Client benefits from enhanced product and service offerings, operational efficiencies and innovation at scale.
• Improved resilience across capital, capabilities, cybersecurity and fraud monitoring that better positions the combined business to respond to heightened regulatory standards, complexity and cost.
• Increased investment capacity from financial and product synergies that will enable greater innovation and investment in best-of-breed resources and capabilities to continue to deliver services both now and into the future.

Further updates will be shared once the Acquisition is completed (pending regulatory approvals).