United Networks Secures $5 Million for Strategic Acquisitions
ASX-listed telecom player United Networks has received an impressive funding of $5 million via a share placement. The telecom group says it will use the capital raised to pursue a number of profitable acquisitions. The company announced that it has received binding commitments from investors...
Aussie Broadband goes public, lists on ASX a week early
Internet service provider Aussie Broadband is making the most of changing digital market trends brought on by the coronavirus pandemic. The company is looking to stage a $40 million initial public offering and make its way to the Australian Securities Exchange (ASX) boards this week....
Austrac gives clean chit to Afterpay following anti-money laundering inquiry
After concluding its investigation into the Australian BNPL service Afterpay, The Australian Transaction Reports and Analysis Centre (Austrac) has decided to not pursue any further regulatory action against it. In June 2019, the Austrac had requested the appointment of an external auditor into Australian operations...
ACCC Fines Amaysim and Lycamobile Over Misleading Ads
The Australian Consumer and Competition Commission (ACCC) has slapped penalties of AU$126,000 on mobile service providers Amaysim Australia and Lycamobile. The Australian consumer watchdog alleged that the duo offers unlimited data to its customers despite having data caps on the advertised plans. Amaysim and Lycamobile...
Buy Now Pay Later Services: Everything You Need to Know
Undoubtedly, Buy Now Pay Later Services have changed the fintech and payments environment in Australia. A recent study by Roy Morgan found that till September 2019, over 1.95 million Australians have used at least 1 shop now pay later service, online or at stores, available...
Spirit Telecom rechristened as Spirit Technology Solutions
Introduction ASX-listed telecom giant Spirit Telecom has announced its plan to rebrand its name to ‘Spirit Technology Solutions’ to reflect its business transformation. The rebranded Spirit Technology Solutions will continue to trade in the ASX under the ticker code ST1. The telecom giant acquired 7...
Neobank Xinja further slashes interest rates on Stash accounts
In the middle of the COVID-19 pandemic, neobank Xinja is cutting the interest rate on its savings accounts once more. It is also slashing the amount of money its customers can earn interest on by $95,000. The new development which was enforced earlier this week,...
Software giant VMware ANZ appoints Sean Kopelke as its Senior Technology Director
VMware has announced the appointment of its new Senior Director of Technology for its Australia and New Zealand arm – Mr Sean Kopelke. The newly appointed Senior Director of Technology will be bringing his experience of more than 20 years in enterprise technology to VMware...
UnionPay International Unveils QR Code Payment for ANZ
After building a successful track record in developing and implementing advanced payment platforms worldwide, UnionPay International (UPI) has some big news. The company introduced a QR code payment technology for merchants in the Australia and New Zealand regions. As an international payment network serving the...
Aussie fintech Bravura Solutions acquires Delta Financial Systems
Fintech company Bravura Solutions has announced its plans to acquire UK-based software company Delta Financial Systems for a consideration of $41.5 million. The acquisition has been funded through its existing cash reserve and is expected to be earnings per share accretive in FY21. Why Bravura...
