A record $117 billion in fintech deals have been done this year as cashless payments soar in popularity
Fintech-targeted mergers and acquisitions has increased rapidly over the last five years, and the value of deals in the space has hit a record high in 2019
Afterpay, Zip propping up sluggish retail sales
In the six months to December 2018, listed buy-now, pay-later providers Afterpay and Zip accounted for about 16% of the growth in retail spending.
Verrency reaches a milestone with over 30 strategic partners
Verrency has secured 32 strategic partners to leverage the company’s enterprise grade, curated API capabilities at financial institutions.
New Payments Platform ropes in QR codes
The New Payments Platform revealed it’s working quickly with banks, merchants payment services providers to hook-up scan-to-pay QR codes to its network.
SendFX launch marks a significant change for global payments
Launched in early May, SendFX has been established with the vision of becoming the go-to destination for making overseas payments.
$22b of bank revenue at risk from smartphone wallets: Morgan Stanley
Smartphone digital wallets offered by Google, Apple and other technology giants will put $22 billion of revenue across the major Australian banks at risk, according to Morgan Stanley
Bills can now be paid with cryptocurrency even if biller doesn’t accept it
Thanks to Gobbill and Cointree, Australians who own cryptocurrency can use it to pay household bills even if the biller doesn’t accept digital money.
NAB’s move signals digital wallets are ‘the future’ of payments in Australia
NAB has become the third big four bank to offer Apple Pay, further cementing cardless payments as a major development in Australia’s financial landscape.
