FinTech startup Pelikin looks to recruit Gen Y investors
After a highly successful expression of interest campaign on equity crowdfunding platform Birchal, Melbourne FinTech startup Pelikin is continuing to rally millennials to invest in Pelikin. Encouraging Gen Y Professionals to invest in the banking alternative with as little as $100, Pelikin is hoping to get as many users as possible over the next month to be involved in building the travel banking app. Pelikin Founder Sam Brown said the younger market was the reason behind the development and creation of the app, so it was a natural progression for them to be a part of the Pelikin growth journey. “Rather than buying a house, Gen-Y are more interested in […]
Doshii and Bluflow integration
Doshii is thrilled to announce a partnership going forward with a Bluflow integration. Bluflow’s solution which creates advanced digital menu systems is already popular with many businesses, but thanks to a collaboration with Doshii for a reliable POS connection this technology is set to become even more efficient. After initially meeting with Doshii to discuss an integration strategy, Bluflow were able to implement a certified solution within weeks. Bluflow is excited about the benefits of this integration with Doshii, and the additional features gained by Bluflow customers from a linked POS system. About Bluflow Bluflow offers an innovative solution for POS systems. It allows businesses to coordinate their digital menus […]
How cashless payment technology is helping local business thrive
The days when a trip to the ATM was compulsory before strolling to your local market are numbered. Instead small businesses now find themselves faced with the new breed of “cashless consumer”, and adapting to suit. According to a recent survey by the RFi Group, 32 per cent of Australians believe they can go cashless. Fortunately, the advent of low-cost and low-fuss technology allows local businesses, including sole traders, to sell their products and services quickly and easily, whether it’s a small item or a more expensive impulse purchase. A shift in mindset Michael McQueen, retail trend forecaster and bestselling author of How to Prepare Now for What’s Next, says […]
OmniPay launches ‘collaborative’ supply chain finance platform
A Sydney-based fintech has launched a new invoice finance platform aimed at helping suppliers better manage their cash flow. OmniPay’s web-based and mobile application allows the supplier to request an early payment of an invoice, which is financed by the fintech company upon receiving approval from the business. After setting up an account, suppliers have to import invoices manually or upload them by using drag-and-drop functionality, after which the OmniPay platform automatically extracts all the relevant information presented in an invoice and summarises it in a pop-up window. Once the supplier clicks a button to request payment, the platform sends the invoice off to the business for digitally signed approval. […]
Novatti makes commercially astute blockchain move
Online payments processor Novatti Group (ASX: NOV) has made a commercially-astute move into blockchain payments by integrating its proprietary payments platform with The Stellar Network, an open-source protocol for exchanging money used via shared servers and “forming a global value exchange network”. In essence, Stellar is a blockchain-payment and asset transfer platform connecting banks, payment systems and customers with a network of low-cost financial services providers, including financial institutions, payment aggregators and technical specialists. The prime feature which attracts users is the commonly-shared commitment to support a new and inclusive global infrastructure for payments. Stellar is growing rapidly and sports a proprietary “native asset” digital currency called the Lumen. Its […]
NAB launches Google Pay across its debit and credit cards
This adds to NAB’s existing contactless payment options of NAB Pay and NAB PayTag, Samsung Pay, and Fitbit and Garmin smartwatches. NAB has today announced the launch of Google Pay across both its debit and credit cards, enabling customers to securely make contactless payments with their smartphone or compatible device. Google Pay allows customers to make tap and go payments with their smartphone in store and online, instead of using their physical credit or debit card. Just like when using your debit card to tap and go, when using Google Pay customers won’t need to enter a PIN for their transaction unless it’s more than $100. Google Pay is Google’s […]
Afterpay sales up 400 per cent in the third quarter
Buy-now pay-later tech solution Afterpay Touch Group (ASX: APT) has recorded another strong result with sales up 400 per cent in the latest quarter. In a business update released on Wednesday, Afterpay says more than $1.45 billion of total underlying sales were processed through the Afterpay platform in the first three quarters of FY18. The value of total sales is up significantly from the same time last year when the company recorded $290 million during the first three quarters of FY17. Afterpay’s in-store option has also seen considerable growth this year, as more than 7000 individual shopfronts, including all stores operated by Super Retail Group (ASX: SUL), now offer the […]
Westpac CEO Brian Hartzer says cashless society is just round the corner
Plenty of intriguing insights about fintech were delivered at The Australian Financial Review’s Banking & Wealth Summit last week. So, here’s a selection of highlights, in no particular order. Brian Hartzer says cash is disappearing from the economy “faster than any of us anticipated”. A recent trip to Copenhagen by the Westpac chief revealed the decline of cash in Denmark is being driven by customers. Danske Bank’s MobilePay is being used by more than 80 per cent of Danes to pay each other, after five years in the market. Hartzer reckons 95 per cent of Westpac transactions will be online or mobile within a decade. Other Westpac bankers are also […]
