The coronavirus will accelerate the trend towards a cashless society
The world after the coronavirus will probably be more digitised, and payment systems likely to be impacted by this as any other aspect of daily life.
Digital wallet transactions soaring: CBA
The Commonwealth Bank has found digital wallet users spent $1 billion in March 2020 in Australia – a record number of transactions.
Zip Co (ASX:Z1P) swipes $45M in quarterly revenue, on track for growth
Australian Fintech Zip Co has generated $45 million in revenue for the March 2020 quarter, a 96% increase to the prior corresponding period.
COVID-19 creates threats and opportunities for fintechs
The global Covid-19 pandemic will also produce opportunities for fintechs given we’re relying on technology now more than ever.
Tap and go payment limit increased to $200 to contain virus spread
Australian shoppers will soon be able to make purchases of up to $200 at the checkout using tap and go, as retailers try to stop the spread of the virus.
eBay adds BNPL capability with Afterpay partnership
From today, Australian shoppers can take advantage of Afterpay’s buy-now pay-later (BNPL) platform on online auction site eBay.
Novatti’s acquisition of Emersion extends capabilities and recurring revenue
Novatti will significantly extend its core payments business with the acquisition of Emersion, a leading business process integration and payments platform.
Fintech veteran backs the young guns
Sydney based Cryptocurrency payments start-up, CryptoSpend have announced that Fintech veteran Andrew Porter has taken a minority stake in the business.
