Growth surge for Buy-Now-Pay-Later digital payments market
The latest report from Roy Morgan Research shows there has been rapid growth in the buy-now-pay-later digital payments market.
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,” […]
Value of digital currency Bitcoin surges past $US1000
The value of Bitcoin has surged above $1000 as the digital unit continues a dizzying rise that made it the best-performing currency of 2016. Its value has more than doubled in the last year and it was trading at around $US1,024 in afternoon European trading yesterday, after breaking through the $US1000 mark on Sunday. It is now within reach of its historic high of more than $US1200 reached in 2013. Some analysts believe the rise in Bitcoin is due to some investors treating it as a safe-haven, like gold, at a time of global uncertainty. Others believe buying is being driven by speculative demand, with investors anticipating future rises and […]
Mobile wallets transactions overtake ATM cash withdrawals in digital banking boom: Australian Banking Association
Australia’s digital banking boom is continuing with payments by mobile wallets surging by 35 per cent in the last year alone, according to a new report.
Grapple launches invoice finance AI tools as invoices funded surges past $200m
Australian SME financier Grapple is launching new AI capabilities and services on its state-of-the-art digital Lendtech platform.
Novatti’s revenue surges 97% to $32.5 million
Novatti’s annual sales revenue increased 97% on FY21 to $32.5 million, with $11 million in quarterly sales revenue – the highest ever.
Parpera growth surges to 500 business members in 3 months of debit card launch
Parpera has seen a surge in the growth of its member base, 80% MoM to 500 businesses, within 3 months of its business debit card launch.
DTCC unveils technology resilience principles to help industry further protect against risks of digital innovation
DTCC have outlined enhanced resilience measures that financial firms should consider adopting to ensure the continued safety of the financial market.
