mortgage broking | iTMunch

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...
cryptocurreny & digital currency | iTMunch

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...
digital payments app | iTMunch

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...
Tap on phone payment solution | iTMunch

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 | iTMunch

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...
online banking | iTMunch

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...
money laundering | iTMunch

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...
woman online shopping | iTMunch

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...
online banking | iTMunch

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...
QR Code payment solution | iTMunch

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...