Why international money transfers should be your next savvy business move
Switching to a specialist international money transfer (IMT) provider can be a simple way to save your business heaps of cash.
Open banking opens the way for neobanks
With the new open banking policy set to take effect July 1, neobanks could soon become the more popular choice for Aussies over the big four.
Woolworths first Aussie supermarket to offer Apple Pay
Today marks the first time an Aussie supermarket is joining the banks with Woolworths offering Apple Pay to its credit card holders.
NAB’s move signals digital wallets are ‘the future’ of payments in Australia
NAB has become the third big four bank to offer Apple Pay, further cementing cardless payments as a major development in Australia’s financial landscape.
Archa joins list of new neobanks aiming to transform Aussie banking
Australian banking is changing rapidly and a new wave of digital banks are hitting our shores, with companies like volt, Xinja and 86 400 set to launch this year, but there is another player coming to town soon that may be worth your attention. Archa is a new Melbourne-based neobank that is scheduled to launch in the near future, offering a state of the art online banking app that is connected to a pre-paid debit card. Oliver Kidd, Archa’s founder and CEO doesn’t come from a banking background, but “he hopes by founding Archa, his friends and colleagues have access to a totally refreshed relationship with their money,” – according […]
Zip throws down challenge to Afterpay and ‘outdated’ credit cards amid Senate inquiry
Buy now, pay later (BNPL) service Zip has described the current credit card model as ‘outdated’ compared to BNPL products such as their own, which they argue offer a ‘fairer’ payment alternative for Australian consumers. The comments from Zip CEO and Co-Founder, Larry Diamond, came amid a call for new regulations on the BNPL industry from the company, including conducting more stringent financial checks on customers and providing greater product transparency. “When correctly regulated, BNPL products offer a powerful tool for consumers to take control of their finances,” said Mr Diamond. “Compared to the outdated credit card model, these products provide a better, fairer alternative with simpler product constructs, interest-free […]
What is Insurtech and what do I need to know about it?
There’s no doubt about it, technology permeates through almost every aspect of our lives. Think about your morning routine alone. For many that involves waking up to an alarm, checking the news and weather, and perhaps even boiling a smart kettle for that first cup of coffee – all with the help of a smartphone. The point is that technology is not only everywhere, it shapes our behaviour and will, in all likelihood, continue to do so in the future. And the same thing is true of insurance. Emerging insurance technology, otherwise known as Insurtech, is already reshaping parts of the insurance industry, just as Fintech (financial technology) is pushing […]
Do wearables and digital wallets spell the end of the credit card as we know it?
Wearable payment technology and digital wallets are the coolest new trend in the banking world – but does it really have the power to replace something as everyday and useful as your credit card? According to MyState Bank it’s more likely than you might think. Although digital wallets have technically been around since the 1990’s, recent innovative versions including Apple Pay, Samsung Pay, Google Pay, FitBit Pay and Garmin Pay started really making a splash in the Aussie market a few years ago, with banks big and small jumping on the trend. Now, MyState Bank has predicted a big take up of digital wallet technology in the coming years. “We […]
