Digital Payments

Dec
14

Up launches conversational payments

Up, the digital banking platform that went live in October 2018, has today launched conversational payments in app for customers. An Australia first, the experience will bring functionality on par with the United States, Europe and China, where Venmo, SquareCash and WeChat Pay have significantly altered and improved customers’ payment experience. Up’s Chief Imaginer, Anson […]

By Australian FinTech | FinTech . Payments
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Dec
12

American Express praises Ripple for cross-border payments, calls blockchain technology ‘very promising’

American Express (Amex), the multinational financial services corporation known amongst the crypto community for their increasing interest in blockchain technology, is at it again with positive comments on blockchain technology and praising Ripple. During the Wings of Change Europe conference, Carlos Carriedo, the American Express’s general manager of corporate payments indicated Ripple has the potential […]

By Reposted by Australian FinTech | Currency . FinTech . Payments
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Dec
04

Bankwest accelerates shift to digital cards

Australian retail banks are accelerating their push towards deploying virtualised payment cards to replace vulnerable legacy plastic, as the pace and scale of breaches intensifies sharply. Commonwealth Bank subsidiary Bankwest revealed on Monday it has gone live with a ‘digital card’ feature that can activate a credit card in a digital wallet via the Bankwest […]

By Reposted by Australian FinTech | Banking . Currency . FinTech . Payments
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Nov
30

iSignthis plans Australian neobank licence in 2019

Payment and identity technology firm iSignthis is on course to get a neobanking licence from the Australian regulator next year. John Karantzis, iSignthis CEO, says the company is “well progressed” with its Australian ADI (deposit taking / (neo)banking) licence via the Australian Prudential Regulation Authority (APRA) and “anticipate” licensing in late Q1 2019. The licence […]

By Reposted by Australian FinTech | Banking . FinTech
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Nov
27

Cash payments are ‘niche’ says RBA governor

The governor of the Reserve Bank of Australia has said that Australians have embraced electronic payments and will continue to favour this payment method. Philip Lowe made the statements at the second annual Australian Payment Summit where he said that cash was becoming an increasingly niche payment. “It looks like a turning point has been […]

By Reposted by Australian FinTech | FinTech . Payments
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Nov
27

Sydney commuters can use credit or debit cards to tap on and off trains

Sydney commuters can carry one less card as of today. You can now “tap on and off” at the Opal reader with your Visa, Mastercard or American Express credit or debit card. Or if you’d prefer, you can use the digital wallet on your smartphone or smartwatch to replace how you use your Opal card. […]

By Reposted by Australian FinTech | FinTech . Payments
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Nov
26

Fintech disruption threatens wholesale payment revenues

Banks with large wholesale payments and cash management operations must innovate to avoid being ousted by disruptors. Wholesale payments and cash management (PCM) is a rapidly growing area, but existing players are under threat from technological disruption and must innovate in order to survive, according to a report by management consulting firm Oliver Wyman. In […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Nov
23

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, […]

By Reposted by Australian FinTech | FinTech . Payments
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