Last week’s announcement by the RBA that it will remove surcharges on debit and credit cards and undertake a review of interchange fees is not only welcome news for Australian consumers; it is also a great opportunity for Australian fintechs to mark their territory. Understandably, the impending change has local merchants sweating about further soaring… Read more »
This year marks a decade of Stripe in Australia. The US global payments behemoth founded 14 years ago by Irish-American siblings John and Patrick Collison now services over 500,000 Australian businesses and has processed more than A$200 billion since landing here The Stripe World Tour rolled into Sydney recently to showcase the fintech’s products and users, and including a… Read more »
Paypa Plane cofounder and CEO Simone Joyce is heading to the US with her family to put her fintech front and centre of banking and payments reforms in North America. Joyce, who is also chair of industry group Fintech Australia, has been at the forefront of Australia’s shift to real time payments and the introduction… Read more »
Waave has recruited former Qantas exec and eBay Australia chair Belinda Jonovska as payments fintech’s Chief Operations Officer (COO) to oversee risk, governance and commercialisation. Jonovska joins the startup after the open banking payments fintech raised $4.7 million in a Seed round in April. Cofounders Ben Zyl, Mark Connolly and Peter Traianou launched Waaveearier this… Read more »
Australia is the third country in the world to offer Apple’s Tap to Pay, which lets small businesses accept payments via in-person contactless payments on the iPhone. Retailers, restaurants and other merchants can now use an iPhone to accept Apple Pay, contactless credit and debit cards, and other digital wallets with no extra hardware or… Read more »
Waave, a fintech using open banking to build a direct debit alternative to card payments, has raised $4.7 million in a Seed round. The round was backed by a range of prominent individuals, including Menulog boss Morten Belling, eCommerce pioneer Paul Greenberg and Chemist Warehouse founder Jack Gance, who joins the fintech as an advisor.… Read more »
Competition regulator the ACCC has agreed to the proposed merger of BPAY Group Holding with eftpos Payments Australia, and NPP Australia (NPPA) in one of the most eagerly anticipated decisions for Australian fintech. ACCC Chair Rod Sims said they found that, at a high level, the services of the three companies do not compete closely.… Read more »
Multi-currency payments startup Paytron has raised a $4.35 million seed round as it launches it product for the SMB market. Australian VC fund Carthona Capital and Germany’s Picus Capital were the major backers in the raise. Co-founders and former banking execs Jaco Veldsman and Francois Henrion set out to address the pain point of small… Read more »
Square has integrated its services with MYOB’s accounting solutions, completing its plan to integrate with all major accounting solutions in Australia.
The Visa Insights: Australia’s Fast Future report suggests real-time payments and person to person (P2P) payments will reach 10.1 trillion by 2023 led by demand from the gig economy.
Square is continuing its push beyond the market stall, today launching a software development kit (SDK) to enable businesses to process payments through their own apps.
National Australia Bank (NAB) has announced a collaboration with Chinese payment platform Alipay that will allow its merchants to take payments from customers via Alipay.
NAB Ventures, the venture capital arm of National Australia Bank (NAB), has joined investors including Elavon in backing smart payment terminal startup Poynt in a US$100 million ($139 million) Series C round
75 per cent of Australian SMB owners said they can’t be sure they’ll be able to pay their own bills on time due to unpaid invoices.
Get, the Sydney-based university payments startup formerly known as Qnect, has raised $3.4 million in a funding round led by Vertex Ventures and Click Ventures.
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