Westpac launches ‘designer’ wearable payments accessories
The bank has made payment-enabled keychains, silicon tags, and some pins available, but there’s still no sign of Apple Pay. Westpac has announced the availability of “Centsitive Objects” on Wednesday, touted by the bank as a range of “designer” wearable payment-enabled accessories. Instead of just plugging into devices manufactured by others, Westpac launched its own […]
Mint believes the future of payments is more rewarding, unveiling a bold new brand and vision.
Australian-based Mint Payments (ASX: MNW) has unveiled a new brand, new hires, and a bold promise to make payments more rewarding for merchants in the increasingly commoditised category. Following Mint’s announcement in April 2018 that it would increase focus on its Direct-to-Customer offering, the company commissioned a strategic deep-dive into the unmet needs and drivers […]
Afterpay, Zip await ASIC critique of buy now pay later
An in-depth investigation into the often controversial buy now pay later industry by the corporate regulator that will assess whether new laws are needed to protect consumers will be made public in December, as new criticism is levelled at the model of local giant Afterpay Touch Group. Sources told AFR Weekend the Australian Securities and […]
Australia’s first next-gen digital bank is live
In a two-month beta trial involving more than 1,500 customers, Australia’s first fully cloud-hosted bank, Up, reached transactions of more than $2.2 million, with customers saving more than $250,000 – including thousands saved through more than 15,000 purchase round-ups – and provided visual (logo) recognition to more than 6,000 merchants through its intuitive ‘super powered’ […]
Australians are embracing fintech as they move away from traditional payment solutions: Research
Australian appetite for fintech services is on the up, with non-bank contactless or card-less mobile payment solutions now being used more than bank-owned payment solutions, according to recent research from market research company Roy Morgan. The Roy Morgan Digital Payment Solutions Currency Report, which is based on more than 50,000 consumer interviews, suggests fintechs, including startups, are […]
Fintechs outpacing banks in digital payments
The digital payments market is experiencing rapid disruption, with non-bank contactless/cardless mobile payment systems now being used by more Australians (6.5%) than bank-owned solutions (6.4%) according to the newly released Roy Morgan Digital Payment Solutions Currency Report. Fintech market entrants such as Apple Pay, Android Pay and Google Wallet, are taking market share from incumbents, […]
The startup founder finding meaning in tap and go transactions
ImpactPay will give all Australians the opportunity to find meaning in their tap-and-go card transactions. Through a new smart digital wallet, users can accomplish humanitarian change, drive breakthroughs in healthcare, deliver global education and support local initiatives every time they make a purchase. ImpactPay founders, Adam and Regina Levine, saw an opportunity to tap into […]
ANZ bank launches phone wallet to withdraw cash from ATMs
The days of carrying a plastic bank card could be numbered, with ANZ customers now being offered the option of ditching their wallet for an all-digital profile. The bank’s latest innovation is technology allowing consumers to use a smartphone or watch to withdraw their cash from an ATM. The move means all ATM functions can […]
