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 […]
Fintech start-up QPay gets $1M in funding from Angels and Sharks
Student marketplace and payments app, QPay, has secured a $1 million cash injection after funding from the Sydney Angels Sidecar Fund 2 was supplemented by a $380,000 combined investment by Steve Baxter and Naomi Simson in exchange for 8.4 per cent of the firm’s equity during last night’s episode of Shark Tank. Funds were also […]
Apple is becoming a formidable financial technology company
A growing anxiety for bank executives is how and when big tech companies will encroach on their turf. During its quarterly earnings call yesterday, Apple CEO Tim Cook gave some insight into the company’s progress in becoming something of a fintech player: Apple Pay transactions tripled from a year earlier, to more than 1 billion. […]
Stripe launches Partner Program in response to demand from millions-strong user base
Stripe, the technology company that builds economic infrastructure for the internet, has today announced the launch of its first-ever Partner Program to help its global user base—now numbering in the millions—discover new, reliable partners to work with. Stripe’s ecosystem is already comprised of thousands of informal tech partners, drawn to Stripe by its world-class […]
Apple Pay predicted to be half of all mobile wallet users as contactless payments hit $2 trillion by 2020
Digital wallets are gaining momentum and Apple Pay looks set to be the most popular platform as contactless payments are projected to hit $2 trillion within two years. As spotted by TechCrunch, Juniper Research put out a new report today with the prediction that Apple Pay will account for 50% of global mobile wallet users […]
‘Walk rather than a run to cashlessness’ in Australia, says payments boss
Large-scale technology shifts like the introduction of the Reserve Bank’s New Payments Platform and the rise of tap-and-go are hastening the retreat of cash as a transaction mechanism. But don’t expect to see the RBA pushing the stop button on its dollar bill production just yet, said the chief executive of the Australian Payments Network, […]
How Bankwest Halo payment ring lets you leave the wallet at home
Bankwest customers across Australia are now able to tap and go using the Bankwest Halo, Australia’s first payment ring. The award-winning contactless payment ring, which is waterproof to 50m, has been produced as part of Bankwest’s focus on empowering customers with new and innovative ways to pay. Launched in January of this year, the device […]
Half of Aussies prefer platforms: Stripe
The use of businesses such as Uber, Deliveroo and Vinomofo has reached a tipping point, with a new study revealing 50 per cent of Australians already prefer to use these online marketplaces versus traditional businesses like taxis, restaurants or retailers. The study conducted by Nielsen across nine countries, which was commissioned by payments technology business […]
