Neobank 86 400 partners with Australian buy-now-pay-later Zip Co
From 9th June 2020, customers of neobank 86 400 can link and view their Zip accounts (Zip Money and Zip Pay) and transactions through the neobank’s app. The strategic partnership between the two Australian fintech companies aims at tapping into digital alternatives as more Australians...
NPP Australia, BPAY & eftpos consider merging their payments infrastructures
BPAY Group, eftpos and New Payments Platform (NPP) Australia might join forces in some form to create a single, and better, payments platform for Australians. After several months of discussions with stakeholders, the board of NPP Australia decided to create an industry committee to investigate...
Australia & India sign pact on critical technology & cyber resilience; both will invest $12.7 million
On 4th June, Australia and India signed a pact in which both countries agreed on spending $12.7 million on cyber resilience and critical technology. The pact was signed during the Australia-India Leaders’ Virtual Summit where both the countries joined hands to promote digital trade, harness...
Facebook to label posts from state-controlled media outlets
As an effort to make people more informed about where they get their news from, Facebook will label posts that are published by state-controlled media companies. The social media company will add labels to posts of media outlets it finds to be wholly or partly...
Australian buy-now-pay-later startup Openpay raises $30 million
Melbourne-based buy-now-pay-later Openpay raises an extra $30 million (A$33.77) via an oversubscribed local institutional placement. The raise follows the announcement of the company securing A$45.44 million from Global Growth Capital on Monday for its business in the UK. This is in addition to the $75...
Facebook’s Manage Activity: A New Way to Bulk Delete Posts
Introduction In a recent blog post, Facebook announced its new feature called ‘Manage Activity’ that allows you to easily manage (archive and delete) old posts in one go. Through this feature, Facebook allows you to curate a more accurate and presentable picture of who you...
Zip Co to acquire US-based buy-now-pay-later company QuadPay
Introduction To accelerate its global expansion strategy, Zip Co Limited will purchase the remaining shares in New York-based QuadPay, Inc. for $403 million. Australian buy-now-pay-later company Zip Co has taken this step to strengthen its presence in the US and to take on its rival...
Google faces a $5 billion lawsuit for tracking data via “Incognito Mode”
On 2nd June, internet search company Google was served with a $5 billion lawsuit in the United States for collecting user information through its “private” mode. It has been served with a proposed class-action suit that accused Google of illegally using data of millions of...
MVNO Amaysim acquires OVO Mobile for $15.8 million
Introduction Australian Mobile Virtual Network Operator (MVNO) Amaysim has acquired its competitor OVO Mobile for $15.8 million. As a part of the acquisition, Amaysim also bought Aussie telecom provider OVO Mobile’s customer base of 77,000. This addition pushes Amaysim’s subscriber base to 1.17 million in...
Aussie Broadband signs up about 2,300 users for its gigabit NBN plan
As on 2nd June, Aussie Broadband has signed up close to 2,300 customers for its new gigabit NBN plan. Last week on Friday, Aussie Broadband launched NBN Co’s up to 1000/50 MBPS residential service at the price of $149 per month. The Australian telecommunications company...
