Payments

Zip Co revenue soars as new partners come on-line

Shares in buy now pay later company Zip Co have surged higher after the group reported a 20 per cent lift in revenue for the third quarter.

ASX . FinTech . Payments
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No more PIN payments as fingerprint-scanning bank cards launch in the UK
Apr
29

No more PIN payments as fingerprint-scanning bank cards launch in the UK

Biometric cards which enable people to verify payments using their fingerprint rather than needing to enter a PIN are now being trialled for the first time.

Banking . FinTech . Payments
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PayPal agrees to invest $500m in Uber, says it will help develop taxi operator’s digital wallet
Apr
29

PayPal agrees to invest $500m in Uber, says it will help develop taxi operator’s digital wallet

Global online payments operator, PayPal, has gotten into an agreement to invest $500 million in cab aggregator provider, Uber.

FinTech . Investing . Payments
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Bluechain launches in Australia with Amex
Apr
17

Bluechain launches in Australia with Amex

Anglo-Australian fintech Bluechain Payments Ltd has partnered with American Express, enabling Bluechain to offer highly competitive rates on Amex card transactions for its rewards payment service in Australia and New Zealand. Bluechain’s payment platform will assist Amex grow its share of the US$250 trillion bill payments market and allow consumers and businesses to “cardify” their purchases by using an American Express card for almost any payment—even where Amex or other major credit cards are not accepted. A Bluechain user could, for example, pay their council rates with Amex, even though most councils don’t accept Amex cards either when paying online or in person. The cardholder gets the American Express reward […]
FinTech . Payments
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Big cards, personal loans player takes a look at Zip Co
Apr
17

Big cards, personal loans player takes a look at Zip Co

Payments company Zip Co's shareholders have more than doubled their money this year, but the strong run may have crippled their chance of a buyout. Street Talk understands local credit cards and personal loans company Latitude Financial Services - which is owned by global heavyweights KKR, Varde Partners and Deutsche Bank - has been watching the ASX-listed payments provider. Sources said Latitude's new management team, spearheaded by former Australia Post boss and investment banker Ahmed Fahour, has spent some time considering ways to get into the buy now pay later sector, which looks like disrupting part of its more traditional banking book. And as small cap managers know - and […]
ASX . FinTech . Investing . Payments
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What does NPP mean for businesses and how on earth do they implement it?
Apr
16

What does NPP mean for businesses and how on earth do they implement it?

Since going live on the 13th of February last year, retail banking customers have adopted NPP on mass. In fact, a number of major banks now use the NPP as a default method of transferring funds between Australian accounts. However, so far, progress has been slower for businesses despite some obvious benefits of real-time, data-rich, immediately-resolved payments. And not only that: NPP payments have the potential to be significantly cheaper than credit cards – the only alternative real-time option. We at Moneytech specialise in the automation of domestic payments flows for businesses. From our perspective, it looks like there are two reasons for the slower business adoption rate. The first […]
Banking . FinTech . Payments
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Buy now, pay later apps turn focus to business owners
Apr
12

Buy now, pay later apps turn focus to business owners

'Buy now, pay later' platforms have changed life for shoppers and now small businesses will be courted with the same model. "What we're seeing now is businesses getting really crunched around payment terms...it's like there's a freeze or a jolt in the system," Cloudfloat founder Aleem Habibullah says. Cloudfloat is preparing to soft launch its fintech product at the end of the month. The startup will pay business invoices directly and then small businesses will pay it back in instalments over periods up to 90 days. As the push for shorter payment times intensifies, Habibullah says some companies are struggling to keep up. Just as models like Afterpay let eager […]
FinTech . Payments
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Australian FinTech company profile #4 – Gobbill
Apr
11

Australian FinTech company profile #4 – Gobbill

1. Company Name: Gobbill 2. Website: www.Gobbill.com 3. Key Staff: Shendon Ewans (CEO & Co-founder), Quentin Marsh (CTO & Co-founder) 4. Location(s): Melbourne based, Australian company. 5. In one sentence, what does your fintech do?: Automate bill payments by extracting invoice details, checking for fraud and paying using card or bank accounts.  6. How / why did you start your fintech company?: The co-founders were in a pub talking about the idea after missing some bills. We wanted to make our life admin easier, then Gobbill was used by our families and friends. It grew from there. 7. What the best thing your company has achieved or learnt along the way (this can […]

FinTech . Payments
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