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trio
ASX

Competition watchdog the ACCC signs off on BPAY-eftpos-NPPA merger

Simon Thomsen - September 9, 2021 3 MIN READ

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 »

Fintech

Business payments platform Paytron lands $4.35 million seed round to launch

Simon Thomsen - June 4, 2021 2 MIN READ

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
Topics

Square payment platform to integrate with all major accounting solutions

Cec Busby - February 15, 2019 < 1 MIN READ

Square has integrated its services with MYOB’s accounting solutions, completing its plan to integrate with all major accounting solutions in Australia.

payments
Topics

Real-time payments to hit 10.1 trillion by 2023: report

Cec Busby - January 30, 2019 2 MIN READ

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
Topics

Square launches SDK to enable businesses to process in-app payments

Gina Baldassarre - January 10, 2019 2 MIN READ

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.

Alipay
Topics

NAB to enable merchants to take payments through Alipay

Gina Baldassarre - November 19, 2018 2 MIN READ

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.

Poynt
Topics

NAB Ventures backs smart terminal startup Poynt in US$100 million Series C round

Gina Baldassarre - November 14, 2018 2 MIN READ

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

late payments
Topics

Late payments leave small business owners in the lurch

Cec Busby - November 9, 2018 2 MIN READ

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
Topics

University payments startup Get raises $3.4 million

Gina Baldassarre - October 15, 2018 2 MIN READ

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.

Alipay
Topics

Australia ranks 9th for transactions through Alipay during China’s Golden Week holiday

Gina Baldassarre - October 11, 2018 2 MIN READ

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.

Beem It
Topics

Payments app Beem It appoints CBA executive Angela Clark as CEO

Gina Baldassarre - October 10, 2018 2 MIN READ

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.

mobile payments
Topics

ANZ enables smartphone-based ATM withdrawals as Westpac allows customers to transact via Siri

Gina Baldassarre - September 19, 2018 2 MIN READ

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.

square
Topics

Cash no longer king: 80 percent of consumers prefer to pay by card

Gina Baldassarre - September 17, 2018 2 MIN READ

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
Topics

Square and BOQ partner to deliver point of sale options for small business customers

Cec Busby - July 17, 2018 2 MIN READ

Square and Bank of Queensland (BOQ) have joined forces to deliver small business more flexible payment options.

Credit Clear
Topics

Melbourne fintech Credit Clear raises $8.5 million to expand payment collection platform

Gina Baldassarre - June 26, 2018 2 MIN READ

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.

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