Cuscal Limited is an Australian company that provides payments and data to Australian Banks, credit unions, mutual savings banks, corporates and Fintechs.[2]

Cuscal Limited
Company typePrivate
IndustryPayments Provider, Financial services
FoundedFounded in 1966 (origins)
HeadquartersSydney, Australia
Area served
ProductsPayments provider and data provider
Number of employees
591[1] (2023)

Cuscal is regulated by the Australian Prudential Regulation Authority (APRA) as an Australian authorised deposit-taking institution (ADI), and by the Australian Securities & Investments Commission (ASIC). It is a member of EFTPOS Payments Australia and the Australian Payments Clearing Association.



Cuscal was established in 1992 as the Credit Union Services Corporation Limited and became Credit Union Services Corporation (Australia) Limited before changing its name to Cuscal Limited in December 2005.[3] Cuscal replaced the state based credit union bodies, which had been in operation since 1956. Cuscal was incorporated as a Special Service Provider (SSP) under the financial institutions scheme.

In 1994, Cuscal released the Credit Union Code of Practice. Until the Credit Union Industry Association (CUIA) and the Australia Association of Permanent Building Societies (AAPBS) merged to form a new joint industry association in 2006, the Association of Building Societies and Credit Unions (Abacus – Australian Mutuals) now the Customer Owned Banking Association (COBA), Cuscal also assumed the role of a trade association for Australian credit unions and co-operatives.[citation needed]

In 2014, Cuscal acquired Strategic Payments Services.[4]

In 2023, Cuscal cuts services to Binance.[5][6]


  1. ^ Cuscal 2023 Annual Report (PDF) (Report). October 2023. p. 97.
  2. ^ Rogers, Ian. "Cuscal debates its future". Banking Day. Retrieved 19 October 2022.
  3. ^ "National Names Index". Australian Securities & Investments Commission. Archived from the original on 9 November 2013. Retrieved 26 April 2012.
  4. ^ Saarinen, Juha. "Cuscal to acquire Strategic Payments Services". iTnews. Retrieved 15 November 2022.
  5. ^ "Binance Australia says banking disrupted as payment provider cuts service". Reuters. 18 May 2023.
  6. ^ Sier, Jessica (18 May 2023). "Westpac places immediate ban on payments to Binance crypto exchange". Australian Financial Review. Retrieved 18 May 2023.