Deloitte’s Technology Fast 50 yet again filled with Aussie Fintechs
Australian Fintech companies have featured in Deloitte’s annual Technology Fast 50. It’s a testament to the hard work and the thriving fintech industry.
Failure to launch: Young Australians struggle with ‘financial adulting’
Part of financial adulting is managing your cash flow, making sure you have enough money at the end of each month to cover your costs.
‘No hard and fast rule’: Fintechs and banks size each other up
Westpac’s banking services partnership with Afterpay will force fintechs and the big banks to reassess their relationship with each other.
Australia’s buy now pay later companies are pledging to do better by their customers. Here’s what they’re promising.
Buy now pay later (BNPL) companies like Afterpay and Zip look set to sign a voluntary code of conduct that would help protect customers.
Afterpay CEO dismisses threat from CBA’s big investment
Afterpay CEO Anthony Eisen has hit back at CBA’s entry into the buy now pay later sector, declaring Swedish rival Klarna was more like a traditional lender.
Buy now, pay later apps turn focus to business owners
Australian cashless future finding favour
Powering the payments process will be fintechs such as Australian start-up Assembly Payments, which provides a single payment platform that is compatible with various disbursement channels, with clients so far including Gumtree, Airtasker and carsales.com.au. Online innovations such as Amazon’s digital assistant Alexa are already enabling customers to shop via voice-activated transactions, while messenger apps and social media heavyweights such as Facebook are making forays into the banking and payments space. World of opportunity Fintech digital payments are forecast to be worth $1.8 billion by 2020 in Australia alone, and are proving to be a major disruptor of the banking sector. With increased convenience, flexibility and low-to-zero fees, could traditional […]
Afterpay and zipMoney: New instalment of old idea gains momentum
Fellow veterans of the “brown paper and string” era may recall lay-by, the instalment schemes offered by retailers before those plastic works of the devil called bank cards came along. At the risk of going all Bernard Salt on readers, the smashed avocado generation would be aghast to learn that customers of yore were required to put down a deposit on the item, but did not receive the goods until they paid the agreed instalments. What’s old is new again, and now lay-by is being reverse-engineered in the guise of point-of-sale retail intermediaries that finance “no-interest” payment instalment schemes. The key difference is they are “buy now, pay later” schemes […]
