News & Analysis
Square payment platform to integrate with all major accounting solutions
Square has integrated its services with MYOB’s accounting solutions, completing its plan to integrate with all major accounting solutions in Australia.
News & Analysis
Real-time payments to hit 10.1 trillion by 2023: report
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.
News & Analysis
Square launches SDK to enable businesses to process in-app payments
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.
News & Analysis
NAB to enable merchants to take payments through Alipay
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.
News & Analysis
NAB Ventures backs smart terminal startup Poynt in US$100 million Series C round
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
News & Analysis
Late payments leave small business owners in the lurch
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.
News & Analysis
University payments startup Get raises $3.4 million
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.
News & Analysis
Australia ranks 9th for transactions through Alipay during China’s Golden Week holiday
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.
News & Analysis
Payments app Beem It appoints CBA executive Angela Clark as CEO
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.
News & Analysis
ANZ enables smartphone-based ATM withdrawals as Westpac allows customers to transact via Siri
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.
News & Analysis
Cash no longer king: 80 percent of consumers prefer to pay by 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.
News & Analysis
Square and BOQ partner to deliver point of sale options for small business customers
Square and Bank of Queensland (BOQ) have joined forces to deliver small business more flexible payment options.
News & Analysis
Melbourne fintech Credit Clear raises $8.5 million to expand payment collection platform
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.
News & Analysis
MYOB to sell RentPay system to Rent.com.au for $425,000
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.
Profiles
University payments startup QPay is working to become a challenger bank for the millennial market
First launched as an app through which uni students could easily buy things from merchants, QPay is now moving into the digital banking space.
