Payments

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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Is this the Afterpay of small business?
Apr
09

Is this the Afterpay of small business?

Cloudfloat is one of a number of companies looking to bring buy now pay later to businesses. When Afterpay was founded in 2015, few could have predicted the impact that it and other buy now pay later providers would have on the consumer payment sector. From 400,000 users in 2016, the sector now boasts over 2 million customers and over 2 million transactions per month. A similar revolution may soon be on the horizon for small businesses, with startups such as Cloudfloat looking to bring the buy now pay later model to business invoicing. Founded in August 2018 by Aleem Habibullah, Cloudfloat is in early access, with plans to launch […]

Borrowing . FinTech . Lending . Payments
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Afterpay inspires US rival Sezzle to list on ASX
Apr
09

Afterpay inspires US rival Sezzle to list on ASX

US Afterpay competitor Sezzle is set to become the latest buy now, pay later, fintech to list on the ASX, with the Minneapolis-based start-up inspired by the success of its local rivals. Having already raised $US5.6 million ($7.9 million) in a pre-IPO round, led by Chicago-based institutional investor Continental Investors, Sezzle intends to list within the next few months and representatives were travelling around Australia last week meeting with local investors. Speaking to The Australian Financial Review, co-founder Charlie Youakim said Sezzle was modelled on local company Afterpay, with the co-founders wanting to bring the buy now, pay later model to the US. To read more, please click on the link below….Source: […]

ASX . FinTech . Payments
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Square launches new Square Online Store to boost eCommerce offering for Australian businesses
Apr
09

Square launches new Square Online Store to boost eCommerce offering for Australian businesses

Today, payments provider Square, Inc. (NYSE: SQ) launched the new Square Online Store, a product that will give Australian small business owners the tools they need to start or grow their eCommerce business instantly. Square’s new offering is also the first product to be fully integrated with Weebly, a powerful platform for building a website or online store, since the company was acquired by Square last year. Square Online Store enables business owners to easily create a professional website that fits their brand to help grow their operations in person and online. Additionally, it enables businesses to seamlessly sync their Square data, like catalog items and inventory, with their website. […]

FinTech . Payments
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