Peppermint to offer micro-enterprise program for Bizmoto agent network
Peppermint Innovation Ltd (ASX: PIL) announced it is launching a micro-enterprise program that will significantly benefit its growing Bizmoto agent network. Under a pilot program to be rolled out across the Philippines, Peppermint will facilitate and offer Bizmoto agents a finance and insurance package that helps them to buy a suitable motorcycle to be supplied by TVS Global Automobile Traders FZCO (“TVS”) via a locally registered wholesale dealer in the Philippines. Agents will be able to use their motorcycle to visit more customers in a timely manner, thereby increasing the number of transactions they are able to facilitate using Bizmoto’s technology platform, powered by Peppermint. The range of services available […]
Woolworths Rewards available through Google Pay
Shoppers at Woolworths can now earn reward points by using Google Pay. The retail giant’s launch of Google Pay marks the first of the Australian supermarkets to implement the mobile payment service in-store while providing its 11 million Rewards members with a more convenient way to earn and redeem loyalty points. In justifying Woolworths’ decision to offer Google Pay in-store, Ingrid Maes, the Director of Woolworths Loyalty program posts, “We’re seeing digital wallets grow in popularity because they offer quick, seamless and hassle-free payments for customers”. RFi Group data reinforces Maes’ assertion finding, 39% of consumers who are aware of mobile payment services have used a mobile payment service to […]
Xinja selects SAP to power its digital bank
SAP SE today announced that Xinja has selected SAP Cloud for Banking to power its planned ‘neobank’ – an independent digital bank designed entirely for mobile. Aiming to revolutionise customers’ banking experience, Xinja is partnering with SAP to implement its SAP Cloud for Banking platform to drive a simple, agile solution that delivers rapid customer onboarding and real time risk and financial assessment, as well as enabling open banking capabilities. This SAP core banking solution will underpin Xinja’s journey to become licensed as one of Australia’s first independent start-up neobanks. Seeking to make banking quick, easy, helpful and even fun – allowing customers to make more out of their money […]
Keeping up with the customer in the digital age
Demanding customers, increasing regulation and clunky IT systems are proving serious speed bumps for Australian companies who want to grow in the digital age. Lending is facing a particularly sensitive atmosphere because of the banking royal commission, with many disruptors investing heavily in “regtech” – technology that simplifies compliance. These were some of the views aired by participants at a recent business roundtable event hosted by Fairfax Media and KPMG Enterprise which discussed Australia’s digital transformation. Anthony Baum, the CEO of Tic:Toc, which provides home loans that can be fully approved within 22 minutes, says technology is “way better” than traditional manual loan approval methods. “40 per cent of people […]
Woolworths and Coles embracing digital wallets
Grocery retailers Woolworths and Coles are moving quickly to embrace digital payments as shoppers increasingly shop with their mobile phones and leave their wallets at home. After reaching agreement with Apple last September to store Woolworths Rewards loyalty card details on Apple’s digital wallet app, Woolworths has now extended the service to Google Pay. Android users can earn Woolworths Rewards points in Woolworths supermarkets and BWS liquor stores by tapping their smartphones. Woolworths said the move, a first in Australian supermarkets, would give more of its 11 million loyalty scheme members a simple and secure way to earn and redeem loyalty points in-store. Once rewards details are loaded, customers can […]
SendGold signs major platform deal for Gold-as-a-Service
Sydney-based SendGold have digitised gold to enable their customer network to buy, sell, and exchange gold instantly as peer-to-peer money across 8 countries in the Asia-Pac region. Now the company have announced they have signed an agreement to enter the rewards market with the world’s largest cloud-based loyalty platform. Toronto-based Global Rewards Solutions (GRS) provide a loyalty platform that is used by millions of members globally, including employees of a number of Fortune 500 companies. The deal announced with SendGold will let their loyalty program members instantly exchange their points for gold bullion directly inside the GRS application. The capability went live in Australia this week and a phased rollout […]
Verrency boosts commercial offering signing ten strategic Fintech partners
Australian global payments provider Verrency has signed ten strategic FinTech partners in just six weeks as it continues to gain global traction. Founded in 2016, Verrency enables banks to cost-effectively deliver the latest value-added payment capabilities and curated FinTech services – via V+, their FinTech marketplace – to their customers without replacing or heavily modifying their existing payments infrastructure. As part of the recently signed partnership agreements, Verrency enables these signed partners to easily distribute their services to global financial institutions via Verrency’s API platform. Some of Verrency’s newly signed FinTech partners include: UK-based ComplyAdvantage, which provides real-time screening and monitoring technology powered by artificial intelligence to help companies comply […]
The future of money relies on digital
by Carlo Lacota, Head of Banking and Financial Services, ANZ at Cognizant The era of digital disruption has brought new challenges involving security, privacy, and technology access. It is therefore imperative for financial services providers to take stock and consider how to deepen their customer relationships. The inability to capitalise on the opportunity that digital brings to attract and retain customers will increase churn velocity and further increase cost as customer retention costs far less than acquisition. Our relationship with money is broken A recent global study by Cognizant revealed that people’s relationship with money is broken, with over half of the study respondents saying money and […]
