Afterpay lands in the US, keen for a slice of $3.8 trillion market
Afterpay (ASX: ATP) has taken its first steps into the United States market through a landmark deal with the parent company of consumer lifestyle brand Urban Outfitters. This week the company launched its payment plan services across the URBN network, which includes brands Anthropologie, Free People and Urban Outfitters, comprising one of the largest fashion and lifestyle retailers in the US. URBN boasts a total sales volume of US$3 billion across its bricks and mortar and digital channels, a figure equal to roughly the size of the entire Australian online fashion market. Afterpay says the US market represents a substantial opportunity for its business, as retail sales exceeded $3.8 trillion […]
FinTech Australia announce finalist for The Finnies 2018
FinTech Australia and Jobs for NSW have come together for the second year to host the national fintech awards, The Finnies. The Finnies will culminate in a Gala Awards Night Wednesday 13 June 2018 in Sydney. For more information go here. Here is the full list of finalists for the 2018 Finnies: Best Workplace Diversity ● BRICKX ● FirstStep Investments ● Link4 ● Valiant Finance Emerging FinTech Leader of the Year ● Brad Delamare – CEO, Tank Stream Labs ● Louis Edwards – Head of Renewable Energy Finance, RateSetter Australia ● Nick Molnar – Co-Founder & CEO, Afterpay ● Jack O’Reilly – Director, funding.com.au ● Rebecca Schot-Guppy – Community Manager, […]
MYOB and BPAY join forces to offer a new payment option for Australian small businesses
MYOB has collaborated with BPAY to add a new payment option to its Invoice Payments solution. The collaboration will see MYOB, one of Australia’s leading providers of business management solutions, offer BPAY payments solutions to small businesses, in addition to the existing credit card payment option as part of its online business solutions. MYOB’s payment software helps small businesses get paid four times faster MYOB’s customer data shows that, on average, businesses take 42.6 days to get paid, while those who convert to MYOB merchants and accept electronic payments directly through the platform are paid in under 10 days. “We know cashflow is one of the big pain points […]
60% of Australians pay bills using BPAY
Australians have a knack for downplaying their greatest inventions, and BPAY is one of them. 20 years ago BPAY was introduced across nearly every bank in the country to help people pay bills and to help businesses get paid. On average people pay 5 or 6 bills a month, and around 60% of Australians pay those bills using BPAY* 88% of Australians recognise the iconic BPAY logo, as it’s on nearly every major bill in the country and in almost every internet banking platform* According to Keith Brown, BPAY Group’s General Manager of Product, Scheme & Business Development, BPAY is still growing even after 20 years of leading bill payments. […]
Facebook is reportedly exploring the creation of its own cryptocurrency
Facebook is looking into creating its own cryptocurrency, according to a report by news network Cheddar. Unnamed sources familiar with the matter said Facebook was “very serious” about its consideration of building a decentralised digital currency, the site reported. Cryptocurrencies are digital-only money designed to be secure and anonymous. There are more than 1500 different types of cryptocurrency — of which Bitcoin and Ethereum are the most famous. Cryptocurrencies are made possible by a technology called blockchain, which provides an encrypted online ledger of transactions. Blockchain is becoming known for other applications such as enforcing digital contracts and securing public records. Cheddar’s report follows an announcement from Facebook’s head of […]
Peppermint launches international remittance business Bizmoto
Peppermint Innovation Limited announces the launch of its new online international remittance portal, Bizmoto, aiming to leverage off its burgeoning Philippines mobile-banking platform. Bizmoto, which roughly translates into “Your Business” in Filipino language, allows money to be transferred from Australia to the Philippines and is initially focussing on enabling ex-pat Filipinos living in Australia and their affiliates to easily transfer monies back to family and friends who are living in the Philippines. The growing up take of Peppermint’s mobile banking, remittance and payments technology platform in the Philippines provides an ideal marketing opportunity to promote the online Bizmoto portal to the Filipino community. The Bizmoto portal can be found at […]
DTA to explore blockchain for government payments
The government has ringfenced $700,000 of the Digital Transformation Agency (DTA) budget to explore the use of blockchain for ‘government payments’. The DTA – formerly known as the Digital Transformation Office – will “investigate areas where blockchain technology could offer the most value for Government services” the Treasury stated in its Budget papers. “The cost of this measure will be met from within the existing resources of the Digital Transformation Agency,” Budget documents say. Last year, CSIRO’s Data61 group released two reports on blockchain and distributed ledger technologies. “Blockchains transactions can support services for payments, escrow, notarisation, voting, registration, and process coordination. These are key in the operation of government […]
Doshii expands into Asia with signing of Raptor, first major POS in ASEAN market
Doshii API, which connects Apps with POS (Point of Sale), is pleased to announce an integration with Raptor POS, which heralds an expansion into the lucrative Asian market. Doshii, which connects Apps with POS in real-time, was backed by Reinventure in Seed funding in January 2017. It has matured its technology and offerings to the market over the last 12 months. Leslie Tan, Raptor Founder and Managing Director, says his company is pleased to be the first POS vendor across the ASEAN market to sign a partnership with Doshii. “Doshii solves the enormous problem of connecting the high number of Apps in our rapidly changing market to our more than […]
