ME & Heritage Bank partner with Apple Pay for contactless payments
Australian financial institutions, ME Bank and Heritage Bank have announced they will offer Apple Pay as a payment method to their customer. Australia and New Zealand Banking Group was the first of the big 4 banks in Australia to allow Apply Pay as a contactless...
BNPL Afterpay raises $1.05 billion; founders offer $250 million of their stake
Australian buy now, pay later company Afterpay has raised $1.05 billion in capital to expand into new international markets and maintain the sales growth momentum. As a part of the capital raising, the fintechā€™s founders, Nick Molnar and Anthony Eisen will sell 10% of their...
QBE Insurance Australia partners with dorsaVi to use wearable technology insights
The Australia arm of QBE Insurance Australia has announced an alliance with wearable technology company dorsaVi. The partnership will give the insurance company access to dorsaViā€™s wearable sensor technology and corresponding data insights. The wearable hardware and software features of dorsaVi are meant to reduce...
ACCC-backed Consumer Data Right for open banking goes live
The Consumer Data Right (CDR) has officially gone live and in its first phase, it requires financial services to share its customerā€™s data when requested by the customer. The scheme has been designed to give customers greater control over their data. The ACCC provided legislative...
Zeller secures $6.3m seed funding to enter the business banking market
Melbourne-based fintech startup Zeller has managed to secure $6.3 million in a seed funding round. The funding round was led by Square Peg Capital, an Australian venture capital firm. Paul Bassat, the VC firmā€™s co-founder and partner will be joining as a member of the...
ASX-listed BNPL Splitit stocks soar as it partners with Mastercard
On Thursday, buy-now-pay-later Splitit announced that it will be teaming up with Mastercard to accelerate the adoption of instalment payment globally. Soon after the announcement of the multi-year agreement with Mastercard, shares of the New York-based ASX-listed company Splitit soared by 108% at $1.375.Ā More...
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...
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...
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...
