Apple Pay drives contactless mobile payment increase; older Australians might need a nudge
Data from the Roy Morgan Digital Payments Report shows a sharp increase in use of non-bank contactless mobile payment services compared to a year ago.
Westpac backs mx51 to tackle global payments invasion
Westpac Banking Corp is backing a new payments spin-off – mx51 – to help it fend off an invasion by global payments software companies
CBA invests in Slyp to drive digital receipts
Commonwealth Bank has joined the other big banks as an investor in start-up Slyp, a provider of digital receipts which can help to eliminate paper receipts
Blockchain to secure contactless payments
Blockchain, which keeps track of all transactions, makes an excellent tool for financial services, particularly contactless payments.
Fintech revenues to reach US$500B by 2030: UBS Research
Fintech revenues are projected to grow from US$150 billion in 2018 to US$500 billion in 2030 according to estimates by UBS.
Zip says Tencent’s Afterpay stake validates sector trends
Zip Co co-founder and chief executive Larry Diamond said Tencent’s investment into Afterpay validates the evolution of the buy now, pay later sector.
New foreign exchange player SendFX welcomes former BOQ CEO Jon Sutton to their Advisory Board
International payments and technology service providers SendFX welcomes former Bank of Queensland CEO, Jon Sutton, as their newest Advisory Board member.
Apple Pay on pace to account for 10% of global card transactions
Apple Pay accounts for about 5% of global card transactions and is on pace to handle 1-in-10 such payments by 2025, according to new trend data.
