Competition regulator the ACCC has agreed to the proposed merger of BPAY Group Holding with eftpos Payments Australia, and NPP Australia (NPPA) in one of the most eagerly anticipated decisions for Australian fintech. ACCC Chair Rod Sims said they found that, at a high level, the services of the three companies do not compete closely.… Read more »
Multi-currency payments startup Paytron has raised a $4.35 million seed round as it launches it product for the SMB market. Australian VC fund Carthona Capital and Germany’s Picus Capital were the major backers in the raise. Co-founders and former banking execs Jaco Veldsman and Francois Henrion set out to address the pain point of small… Read more »
Square has integrated its services with MYOB’s accounting solutions, completing its plan to integrate with all major accounting solutions in Australia.
The Visa Insights: Australia’s Fast Future report suggests real-time payments and person to person (P2P) payments will reach 10.1 trillion by 2023 led by demand from the gig economy.
Square is continuing its push beyond the market stall, today launching a software development kit (SDK) to enable businesses to process payments through their own apps.
National Australia Bank (NAB) has announced a collaboration with Chinese payment platform Alipay that will allow its merchants to take payments from customers via Alipay.
NAB Ventures, the venture capital arm of National Australia Bank (NAB), has joined investors including Elavon in backing smart payment terminal startup Poynt in a US$100 million ($139 million) Series C round
75 per cent of Australian SMB owners said they can’t be sure they’ll be able to pay their own bills on time due to unpaid invoices.
Get, the Sydney-based university payments startup formerly known as Qnect, has raised $3.4 million in a funding round led by Vertex Ventures and Click Ventures.
Australia’s transaction value through Alipay during China’s Golden Week holiday last week ranked 9th globally, with the number of transactions up 105 percent on 2017.
Former Commonwealth Bank executive Angela Clark has been appointed CEO of Beem It, the P2P payments app launched by a handful of banks earlier this year.
ANZ has released ‘Wallets@ATM’, a feature allowing customers to withdraw cash from the bank’s ATM using their mobile device rather than their plastic card.
The average Australian carries less than $60 in their wallet, with 80 percent of consumers preferring to pay by card, a new report from Square has found.
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.