Square and Bank of Queensland (BOQ) have joined forces to deliver small business more flexible payment options.
Melbourne fintech company Credit Clear, which automates the process of requesting payments from customers, has raised $8.5 million in funding from investors including Regal Funds Management.
In Melbourne to celebrate Square’s second birthday in Australia, the company’s cofounder and CEO Jack Dorsey also announced Square is set to build out an engineering hub down under, its first outside North America.
Rent, the company behind rental listings platform Rent.com.au, is set to acquire RentPay, a payments system for the rental market, from cloud accounting software provider MYOB for $425,000 in cash.
First launched as an app through which uni students could easily buy things from merchants, QPay is now moving into the digital banking space.
Cohort Go enables students to pay in their own local currency, and offers them rates usually only available to large corporates.
Australian debit payments network Eftpos has announced it has signed on to Android Pay, enabling debit card holders banking with ANZ and eight Cuscal credit unions to make contactless payments with their smartphones.
Westpac is set to launch PayWear, its own wearable offering allowing customers to make tap and go payments on contactless-enabled terminals.
With 21% of dogs & 35% of cats not taken to the vet in 2016, Knose looks to strengthen the bond between vets and pet owners through a monthly subscription.
Armourcell is a peel-and-stick square that can be slapped onto the back of mobile phones to protect a user’s mobile phone from wireless breaches.
Pivotus Ventures has announced a partnership with CUA which will see CUA customers given access to Pivotus’ new banking platform.
Vend has announced the appointment of former Yelp director Dave Scheine as the company’s new country manager for Asia-Pacific.
Smartpay is a payments company which offers its own open payments service API and physical EFTPOS devices to merchants and retailers.
Westpac has invested $40 million into ASX-listed zipMoney through a private share placement for a 17.11 percent stake in the company, with a further $8 million to be invested subject to performance.
Finch is aiming to take millennials on a journey from splitting bills to giving them financial insights by reading into their expenditure habits.