Reserve Bank

Australia wants to regulate Apple and Google Pay, and digital wallets like it does credit cards

- October 12, 2023 2 MIN READ

The Reserve Bank of Australia (RBA) would be given expanded regulatory powers over bring digital wallets, buy-now-pay-later (BNPL) companies, and crypto assets under proposed reforms to national payments systems legislation published this week. In a statement, Treasurer Jim Chalmers said the reforms “[address] the risks posed by new digital payments services, which are currently unregulated, to… Read more »

Business woman prepare writing a check

CHEQUE OUT TIME: the Australian government’s payments strategy plan goes digital, ending cheques by 2030

- June 9, 2023 3 MIN READ

Buoyed by dramatic changes in the way consumers pay for goods and services, Australia’s payments processing ecosystem will be overhauled based on a new strategic plan that includes the phasing out of cheques and full transition to the New Payments Platform (NPP). The newly launched Strategic Plan for Australia’s Payments System – developed through consultation with regulators,… Read more »


CRYPTOPIA: Australian government unveils major payments reforms to embrace cryptocurrencies and digital assets

- December 9, 2021 3 MIN READ

The Australian Government is looking to embrace cryptocurrency and digital assets with federal treasurer Josh Frydenberg announcing plans to  investigate the feasibility of a Central Bank digital currency, as well as the existential fintech terror of de-banking. Speaking at the Australia-Israel Chamber of Commerce on Wednesday, Frydenberg said his plans “were most significant reforms to… Read more »