Tag: Australia
Australian CBDC test pilots underway via CANVAS partnership
The motions have been set in place for an Australian central bank digital currency (CBDC) after the Digital Finance Cooperative Research Centre (DFCRC) and...
Primer: Digital payments set to fuel ‘huge potential’ of ecommerce in...
Market analysts should focus their attention on Australian ecommerce as it ‘steadily eats into the share of the physical retail market’ to reach 35%...
Australia announces plans to regulate BNPL as a credit lending offering
The BNPL sector in Australia just got a revamp after the local government announced new rules to curb consumer debt from mounting up.
In an...
Tyro unlocks iOS Tap to Pay for Australian customers
Australians using the Tyro Payments network can now securely transact with their iPhones after the company announced its app is now compatible with iOS.
Through...
AUSTRAC continues good terms with PayPal after accepting enforceable undertaking
PayPal Australia has succeeded in submitting an Enforceable Undertaking (EU) to the country’s financial watchdog AUSTRAC.
This comes as the watchdog found cause for concern...
ANZ to test economic compatibility with CBDC payment trials
Offline CBDC-use cases are being investigated by the Australia and New Zealand Banking Group (ANZ) to test the region’s economic compatibility with a central...
Affirm exits Australian BNPL market amid rising sector concerns
American Buy Now, Pay Later (BNPL) company Affirm has announced to its customers it intends to leave the Australian market in a statement made...
Western Union and Beforepay launch cross-border transfer borrowing for Australian workers
Western Union (WU) and Australian fintech Beforepay have introduced “a first-of-its-kind collaboration” that allows borrowing for cross-border payments.
Australians can now borrow up to AUD...
Westpac unveils ‘fast and convenient’ BNPL digital card feature
Australian bank Westpac’s credit card holders will now be able to split their purchase into instalments thanks to the company’s newest BNPL feature add-on.
In...
Binance AU hit with £2.2m sanction over spam breaches
Cryptocurrency exchange Binance Australia has paid the Australian Communications and Media Authority (ACMA) $2,200,220 as an infringement notice bailout related to spam charges.
A seven-month...
