International payments the winning application for blockchain
Start-ups and banking institutions around the world are investing heavily in blockchain and on paper it seems like the perfect solution to fixing banking systems, which often times lag behind current technology trends and in some cases were created before the internet. But, it’s never as simple as it seems. As a refresher, a blockchain are a decentralised, secure, digital ledgers that can be used to record many different types of information. First developed as the architecture behind the popular cryptocurrency Bitcoin, it allows for real-time transfers and a dramatic reduction in transfer fees. Theoretically, blockchain should be the perfect solution to the cumbersome process of international payments in particular. […]
New payments platform could create army of fintech innovation, says NPP boss
The man overseeing the rollout of Australia’s new payments system says every business across the economy that makes or receives payments could become a fintech innovator by developing “overlay” services to enhance customers’ experiences. Construction of the “new payments platform” (NPP), which from October will allow money and data to move between bank accounts instantaneously, has been driven by the Reserve Bank of Australia for the past four years after an earlier bank-driven idea for a similar system collapsed. The core philosophy of the NPP is the separation of the infrastructure – which provides a messaging, addressing and settlement system – from a layer for new products that will be […]
eftpos deploys advanced security features for Australian online shopping
eftpos deploys advanced security features for Aussie online shopping with Till Payments, Fat Zebra and EFTEX among the first to partner.
The 2023 Australian FinTech news headlines
Here are all the major Australian FinTech news headlines for 2023.
Australian FinTech company profile #168 – PayNuts
PayNuts is an Australia and New Zealand payments service provider for small and medium businesses, offering EFTPOS and eCommerce solutions.
Global fintech funding falls to US$52.4 billion, but it’s not all bad news: KPMG Pulse of Fintech – H1 2023
According to the H1’23 edition of KPMG’s Pulse of Fintech, a number of sectors attracted robust funding during the first half of 2023.
Apple introduces Tap to Pay on iPhone in Australia
Apple introduced Tap to Pay on iPhone in Australia, empowering local businesses of any size to accept in-person contactless payments on iPhone.
Australian FinTech company profile #160 – ASL
ASL provides market leading Business Payment Solutions. The company was originally setup by a group of pioneering financial organisations.
