Australian FinTech CEO in the Top 25 Fintech Influencers in Australia
In case you missed it, last week finder.com.au released their Top 25 Australian Fintech Influencers and AustralianFinTech.com.au CEO & Co-Founder Cameron Dart was one of those who made the coveted list. “We’ve been working extremely hard over the past 2 years to create a global audience who can access and explore Fintech companies here in Australia. We’ve also given Australian Fintech companies a platform where they can tell the world about their unique and exciting product or business,” explained a humble Dart, honoured to have made the list. The CEO adds, “There are many people on the list who we have followed, admired and got to know over the past […]
Square’s first year of payments: over 60,000 Australian sellers served
Square recently celebrated their one-year milestone since launching Square Reader in Australia, and are excited to announce that since then over 60,000 Australian small businesses have chosen to use one or more Square products and services—including Square Point of Sale, Square Reader, Square Invoices, Employee Management, Virtual Terminal, E-Commerce and their Payment APIs. It has been a busy year of growth for Square and their community of Australian sellers: Square grew rapidly to over 60,000 Australian sellers served by Square across their entire range of products and services. Square are seeing 13% weekly average growth in transactions processed with Square across all products—supported by the unique proposition of Square […]
Blockchain to create winners and losers
Ordering a pizza is a fairly mundane transaction for many Australians. But when Laszlo Hanyecz convinced a Florida man to deliver two pizzas for 10,000 bitcoins in 2010, he made history for the first real-world bitcoin transaction. Today, cryptocurrencies can be used to purchase everything from clothing, technology and homewares to travel, artwork and fine dining. What is most interesting about bitcoin though, is the blockchain technology on which it is based — a revolutionary platform which is spawning applications across a broad array of industry sectors and functions. Just a few examples include smart contracts, neighbourhood microgrids for buying and selling energy, the protection of intellectual property, anti-money laundering […]
Peppermint’s Mobile Bill Payments platform commences under its agreement with Metro Gas
Peppermint Innovation Ltd is pleased to announce pilot testing of its agent mobile bill payments technology has commenced under its agreement with Metro Gas Sales Inc. (Metro Gas). Metro Gas delivers Liquid Petroleum Gas (LPG) to over 60,000 Filipino households, via an established network of 50 delivery personnel, who on average make 15-20 deliveries a day, 7 days a week. The pilot will test Peppermint’s purpose built mobile agent payments platform, with Metro Gas delivery personnel using the Peppermint powered Metro Gas Agent App to offer customers the ability to pay household bills at the time a delivery of LPG is made. The offering will provide customers’ with front door […]
zipMoney and Shopify announce strategic partnership
zipMoney Limited is pleased to announce a strategic partnership with Shopify, one of the world’s leading and most recognised ecommerce platforms with over 377,500 businesses globally. Zip has a strong focus on Australian Small Business, where there are 2.5 million businesses seeking to sell goods and services both online and instore. With a simple setup and subscription-based model, Shopify has strongly supported the transition of this community to the digital world. The partnership will further accelerate the growth of Zip’s digital wallet solution, zipPay, online and instore. Zip already process payments for hundreds of Shopify merchants and this strategic partnership will help to accelerate the acceptance of Zip at the […]
China giant Tencent funds Melbourne fintech start-up
Melbourne-based fintech start-up Airwallex has landed a $US13 million Series A funding round, becoming one of the first Australian companies to raise money from China’s biggest internet company, Tencent. Airwallex, which is building a new foreign exchange payment network, raised funding from the world’s fourth-biggest internet company, along with Sequoia Capital China and Mastercard. “We’ve built a digital banking layer and a digital compliance layer across traditional banking infrastructure,” co-founder and CEO Jack Zhang told The Australian. “You can think of us as a payment network; we’re offering a faster, cheaper way of making payments happen.” Airwallex lets businesses issue and pay invoices in their preferred currency at the mid-market […]
Australia to be a cashless society by 2022
Cash is predicted to make up only 2% of all payments within the next five years. If you still pay for your morning coffee with a crisp $5 note, you’re a rare breed and clearly missed the “cash is no longer king” memo. New research shows that the number of cash payments received by Australian merchants has plummeted by 46% between 2010 and 2016 alone and currently makes up less than 10% of all payments. According to the research by market analyst East & Partners, if this trend continues, cash payments across Australian businesses are predicted to fall below 5% by 2019 and below 2% by 2022, creating a virtually […]
You can email your bills to this fintech and it will pay them – after checking they’re not scams
A Melbourne fintech startup has commercially launched its new service today, where customers can send their utility bills for the system to automatically make the payments after intelligently sorting out scammers. Gobbill, founded in 2015 by Shendon Ewans and Quentin Marsh, has developed the service after receiving financial support from Microsoft’s BizSpark startup programme and partnering with the federal government’s Stay Smart Online campaign. “We decided to create Gobbill because we were finding it increasingly time-consuming to manage bill payments. We decided there had to be a better way to manage bills and still be in control of our payments,” said Ewans. After registration, the user just needs to email […]
