Develop New Ways to Sell Online: Introducing Build with Square
When you’re growing your business, the thought of piecing together hardware, software and payments services from multiple vendors can be exhausting. Unfortunately, that’s the challenge many Australian business owners face. At Square, we believe that all business owners — big and small, online and offline — should have the tools to start, run and grow using one cohesive and fully integrated platform. Build with Square is a new set of new payment APIs which are now available to Australian sellers and developers, designed to empower offline businesses with payment solutions to service omni-channel needs. Our collection of APIs enable you to integrate your custom point of sale or e-commerce solutions […]
Government urged to test blockchain’s potential
Blockchain technology might help prevent a repeat of the Centrelink data-matching disaster, says investment banker turned business professor Christine Helliar. Blockchain is the technology behind cryptocurrency Bitcoin, but is increasingly viewed as having applications elsewhere in business and government. In simple terms, blockchain is a tamper-proof digital ledger that keeps a continuous record of all transactions that take place. Each transaction is time stamped and stored as part of a detailed history that builds up over time. The information can be shared among a network of computers.Professor Helliar, who works for the University of South Australia, said blockchain could be used to link all tax and welfare payments, reducing the […]
Global Payments & Mint Payments sign strategic partnership agreement
Mint Payments Limited (ASX: MNW) (Mint or the Company) and Global Payments Asia Pacific Limited, a subsidiary company of Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and merchant acquiring services, today announced a partnership agreement that will equip Mint and its licensed distribution partners with the ability to provide the Company’s integrated payment technology solutions with Global Payments as the acquirer, in the territories of Malaysia and Singapore with additional territories to follow. As part of the Agreement, Global Payments will also refer its merchants to adopt Mint’s range of integrated payment solutions in these two markets. In the Asia Pacific region, Global Payments Asia […]
Australian FinTech will exceed AUD $4 Billion by 2020
A new report has found that FinTech revenue in Australia is predicted to grow at a compound annual growth rate (CAGR) of 76.3 percent and exceed A$4 billion by 2020. The research, Australian Fintech, Forecast for 2020, found that this increase was down to a reduction in taxes on investments in startups, tech-savvy digital individuals, and a rise in mobile payments. According to Research and Markets, in 2015 the Australian FinTech market produced A$247.2 million with 2016 generating further growth and 2017 predicted to continue the upward trend. The research found that there are three areas that financial technology services are focusing on in Australia that will grow by 2020: […]
ANZ moves closer towards ‘virtual’ credit cards
ANZ is moving a step closer towards “virtual” credit and debit cards, through new changes to automatically upload replacement cards for those that are lost onto customers’ smart phones. As part of its push to drive greater use of digital wallets, the bank is revamping the technical and security processes triggered when a customer reports a card as lost or stolen. About 670,000 cards are lost or stolen at the bank each year. Previously, replacement cards needed to be sent to customers before they could be used, a process that often takes several days. Under the changes, people who have uploaded their credit card details onto a digital wallet on […]
FinTech: UK Vs Australia
by Matthew Parker, The MitchelLake Group Having recently moved from the UK to Australia, I have been excited to observe and experience first-hand some of the differences between the UK FinTech ecosystem and that of its Antipodean cousin. I do not, by any means, pretend to be an expert, but I have had the privilege of working with and alongside some of the most exciting FinTech businesses and individuals across multiple markets. Any observation I am able to draw comes from a place of passion and sincere enthusiasm as well as a helpful dose of experience. So without further ado, let’s compare and contrast. The UK hit its stride at […]
Luxury Escapes books its dream holiday with zipMoney
Partnership between leading Australian travel retailer and digital payments platform enables Australians the option to travel now and pay later. Luxury Escapes announced it had become the largest Australian travel retailer to partner with ASX-listed zipMoney Limited (ASX: ZML) and is now offering Australians the option to travel now and pay later. Luxury Escapes General Manager, Blake Hutchison, said the agreement with zipMoney meant Luxury Escapes’ million-plus members now have the flexibility to book their holiday today and pay over time in interest-free instalments. “Luxury Escapes is delighted to partner with zipMoney to simplify our members’ online travel booking experience,” Mr Hutchison said. “We want every […]
Octet forms alliance with Mastercard to give businesses a better way to pay
Octet Finance, the Australian company revolutionising the supply chain finance industry for small and medium businesses, has formed an alliance with Mastercard to enable businesses to pay global suppliers safely, securely and quickly. The alliance will enable Mastercard’s members to offer their B2B clients the ability to make cross-border supplier payments using their existing Mastercard debit and credit cards. Octet users will benefit from the integration of Mastercard’s cutting edge payment offerings, such as the Mastercard Payment Gateway Services (MPGS) and the configurable Virtual Card Number (VCN) feature, on the Octet platform. Octet Finance is the supply chain technology platform that enables payments to be made through the secure Mastercard […]
