piggy bank broken
Fintech

The RBA is getting ready to move the goalposts on a key advantage for BNPLs – stopping retailers adding a surcharge

- October 25, 2021 3 MIN READ

The honeymoon is about to end for the buy-now-pay-later (BNPL) sector when it comes to the fees they charge retailers. As the likes of Zip, Afterpay and Humm have stolen market share from the credit card sector, one competitive advantage they had over alternative payment methods was the support of the Reserve Bank of Australia… Read more »

Fintech

The RBA is working on a central bank digital currency with Malaysia, Singapore and South Africa

- September 3, 2021 2 MIN READ

Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central banks. A blockchain-based system will hopefully cut transaction costs and times. The results will feed into plans for global and regional platforms and the G20 roadmap on better cross-border payments. The Reserve Bank of Australia… Read more »

dogecoin, cryptocurrency
Cryptocurrency

The RBA says there’s no chance cryptocurrencies will become legal tender in Australia

- August 4, 2021 3 MIN READ

Cryptocurrency is unlikely to ever become legal tender in Australia, a Reserve Bank of Australia (RBA) executive has concluded during a Parliamentary hearing exploring competition, data privacy and fintech innovation issues. Despite watching the emerging cryptocurrency market for the past eight years, Dr Anthony Richards, head of the RBA’s Payments Policy Department said, “we just… Read more »

News & Analysis

INFOGRAPHIC: The RBA’s guide to everything you need to know about the Australian economy right now

- September 6, 2019 < 1 MIN READ

  The Reserve Bank of Australia (RBA) left the official cash interest rate on hold at 1% when the board met on Tuesday while leaving the door open for further cuts. The RBA noted “further signs of a turnaround in established housing markets, especially in Sydney and Melbourne” as part of its positive outlook, but… Read more »