Fintech Finspo launches mortgage broking arm
Australian fintech Finspo, a mortgage broking firm, has branched out into mortgage broking. The company aims to provide its customers with an aggregated view of their banking costs. Finspo announced the...
RBA approaches the big Aussie banks for blockchain digital currency project
The National Australia Bank and the Commonwealth Bank of Australia will join forces to work with the Reserve Bank to develop a proof-of-concept. This will be used to issue central bank...
Eftpos signs deal to purchase digital payments app Beem It
E-payment device maker Eftpos has announced that it has purchased Aussie payments company Beem It from the Commonwealth Bank of Australia, WestPac and the National Australia Bank (NAB). The purchase of...
Quest’s payments solution to launch Airpay TAP
Quest Payment Systems (Quest) a technology provider based in Melbourne, recently launched a software-only tap-on-phone payments solution. The solution called Airpay TAP allows merchants to accept contactless card payments. The payment...
Westpac ditches 10% stake in Zip post signing deal with rival Afterpay
Aussie financial services company Westpac Banking Corporation sold its 10.7% stake in buy now, pay later fintech Zip Co Limited. The bank will be dumping 55.2 million shares, according to its...
Afterpay becomes Westpac’s first digital bank-as-a-service customer
Westpac has signed on Afterpay as the debut user of its new bank-as-a-service platform which is cloud-based. Afterpay will use this platform to provide its Australian customers with savings accounts and...
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...
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...
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...
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...
