Australia’s Tyro Payments reports that its transaction volumes are steadily increasing during coronavirus outbreak
Australian fintech company Tyro Payments reports that its transaction volumes during the past three weeks have been steadily increasing.
Australian FinTech company profile #75 – Live capital
Live capital helps small and medium businesses find the loan that best suits their business by providing access to a network of premium lending partners.
Turning crypto to gold: CoinJar invests in the future of digital currency
Leading digital currency company CoinJar has its eye on the future of crypto with the launch of a new mobile platform designed for the next evolution of the market.
RBA warns of ‘lock-out’ risk from rise of phone payments
The Reserve Bank has warned that growth in payments driven by smart phones, watches and other wearable devices must not stifle competition.
Digital wallet payments surge on Apple Pay: CBA
The Commonwealth Bank says the number of digital wallet transactions has nearly tripled since it launched Apple Pay earlier this year, as strong growth in tap-and-go payments continues to displace cash. After CBA in late January became the second big four lender to offer the payment service — which allows consumers to make purchases by tapping their phone on a merchant terminal — there has been a clear surge in people paying with iPhones. “Since we’ve introduced Apple Pay, we’ve seen the number of wallet transactions that are linked to a card increase 2.7 times. So it’s really increased quite dramatically since we’ve introduced Apple Pay for our consumer customers,” […]
St.George customers can now use Google Pay to withdraw cash
St.George, BankSA and Bank of Melbourne customers can select cheque or savings when using Google Pay to withdraw cash at the checkout. EFTPOS has today announced it’s expanding its service to Google Pay with St.George, BankSA and Bank of Melbourne. The partnership means that customers of these participating banks can use Google Pay on their Android smartphone to withdraw cash at the checkout of participating stores, all without their physical debit card. The partnership enables customers to select savings or cheque when making contactless purchases with Google pay, meaning the transaction will be processed as an EFTPOS transaction rather than going through as credit. Just like when you use your […]
Heinemann Sydney Airport stores now offering Alipay through Tyro
Australia’s business-only bank Tyro, announced its next Alipay integration with Sydney Airport tax and duty-free retailer Heinemann Australia, where the payment system is now live. Tyro is the first Australian bank to offer Alipay to its merchants with Heinemann Gold Coast International Airport going live last month, following the deal signed with Alipay in August 2018. With 900 million users choosing to pay for goods and services globally via Alipay and its strategic partners, it has evolved from a digital wallet to a lifestyle enabler and is the number one payment method in China. Through its partnership with Alipay, Tyro is now helping Australian businesses access the ever-expanding Chinese visitor […]
Up launches conversational payments
Up, the digital banking platform that went live in October 2018, has today launched conversational payments in app for customers. An Australia first, the experience will bring functionality on par with the United States, Europe and China, where Venmo, SquareCash and WeChat Pay have significantly altered and improved customers’ payment experience. Up’s Chief Imaginer, Anson Parker, says many Australians will not have experienced this approach to payments before. “Driven by Osko, payments are made in real time to friends and merchants – there’s nothing ‘pending’ here. And we’ve built this platform from the ground up to enable the conversational format that gives customers clarity on where money is going to […]
