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Australia
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BitcoinBitcoin Daily: Australia Sees Rise In Crypto-Asset Scams; Sweden’s Central Bank Eyes Options For Digital Currencies
The Australian Securities & Investment Commission (ASIC) has reported an increase in the volume of investment scam reports by investors and consumers...
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B2B PaymentsGreensill Says Big Firms Require $65B To Pay Suppliers Within 30 Days
If payments were required within 30 days throughout the whole economy, financing company Greensill says large companies would need to quickly locate...
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B2B PaymentsCommercial Cards Gear Up For Corporate Travel’s Return
It may not look like it yet, but business travel is headed for a comeback. At least, that’s what commercial card technology...
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Buy Now Pay LaterNew Report: How Flexible-Payment Options Are Giving DIY Projects An Assist
Consumers around the world are confining themselves to their homes and feeling the urge to invest in luxury items and home improvement...
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VISANium Teams Up With Visa To Issue Credit Cards In Australia
Nium, a financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa’s FinTech Fast Track...
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Travel Payments‘Travel Bubbles’ Key To Getting Consumers To Travel Cross Border
The summer travel season is upon the Northern Hemisphere, and while many consumers would normally be setting their sights on visiting new...
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NewsToday In Payments: PayPal, Facebook Take Stake In Gojek; Aussie Central Bank May Lower ePayment Costs
In today’s top news, PayPal and Facebook are to take stakes in Indonesia’s Gojek, and the Reserve Bank of Australia is considering...
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Digital PaymentsAussie Central Bank Considers Regulating ePayments Fees
The Reserve Bank of Australia (RBA), the country’s central bank, is considering reducing the cost of electronic payments for merchants and consumers...
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APIReal-Time Payments’ Real-Time Achilles Heel
The role of application programming interfaces (APIs) in banking and B2B payments has grown progressively larger over recent years, especially overseas. The...
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NewsToday In Payments: China’s Rebounding Economy Is Likely Not Norm; At Least $20B Of PPP Loans Have Been Canceled
In today’s top news, China’s economy looks to be rebounding, and a minimum of $20 billion in PPP loans has been returned....
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EconomyAustralia Seems Headed Toward A ‘Service-Sector Recession,’ And America Could Be Next
For advanced economies, the transition to the digital age where manufacturing once reigned has its downside. Because when service jobs disappear —...
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BlockchainBitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity
RMIT Online has unveiled two postgraduate programs as predictions indicate that 18,000 more cybersecurity workers will be needed in Australia by 2026,...
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Buy Now Pay LaterPandemic Triggers BNPL Surge With 1M New Afterpay Users
Since launching in the U.S. two years ago, the Australia-based buy now, pay later (BNPL) startup Afterpay has attracted more than nine...
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B2B PaymentsSMB-Focused Lender Judo Bank Attains Unicorn Status
Australia’s Judo Bank has attained unicorn status, according to FinTech Magazine, meaning it has achieved a valuation of at least $1 billion....
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Buy Now Pay LaterUsing Payments To Keep Workwear Affordable For The Essential Workforce
Buy now, pay later (BNPL) solutions are well on their way to challenging credit cards as younger consumers’ deferred payment method of...
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B2B PaymentsItaly’s Late B2B Payments Surge 80 Percent
The coronavirus pandemic has undoubtedly impacted B2B supplier payment practices as more companies struggle to manage cash flow with shuttered stores and...
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B2B PaymentsAustralia SMB Ombudsman Calls For Late Payments Legislation
Australian Small Business & Family Enterprise Ombudsman Kate Carnell is calling for federal legislation mandating that small- to medium-sized businesses (SMBs) be...
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B2B PaymentsWhy Australia’s Banking System Helps — And Hurts — SMB Card Adoption
Access to financial services is a staple of success for any business, but many SMBs can face particularly high hurdles when accessing...
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Buy Now Pay LaterAfterpay CEO On The Obstacles And Opportunities Growing Into The U.S. Market
While installment loan products were not quite unheard of in the U.S. five or six years ago, they were quite rare. At...
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Buy Now Pay LaterInstallment Payments Push Sports-Equipment Sales Over The Finish Line
Buy now pay later (BNPL) solutions are more popular than ever, allowing consumers to avoid paying at the point of purchase and...
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CoronavirusAustralia To Test Coronavirus Vaccine; US Doctor Claims To Have Potential Cure
Australia’s national science agency plans to test a pair of vaccines over the next 90 days, part of a global race to...
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B2B PaymentsAussie Neo Bank Judo Secures Government Funding For SMB Loans
Australian challenger bank Judo will now have an extra $500 million to distribute in loans to small businesses amid the coronavirus pandemic, coming...
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B2B PaymentsM&A, Open Banking Drive Commercial Card Innovation
As commercial card innovation expands, service providers continue to target particular pain points for their business cardholders. This week’s look at the...
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CoronavirusUniversities Face Financial Hit If Foreign Students Stay Home
The coronavirus pandemic and its many different ripple effects could point toward one conclusion: In the future, there may be a drastic...
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B2B PaymentsChevron Chided For Aussie Early Supplier Payment Program
An early payment scheme by U.S. energy giant Chevron has been derided as opportunistic by Australian suppliers, according to a report by...
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Partnerships / AcquisitionsIn Australia, i2c Teams With Archa On SMB Solutions
Global payment and open banking technology company i2c has teamed up with corporate card provider Archa on a corporate credit program aimed...
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Buy Now Pay LaterAfterpay Fined By CA Regulator For Unlicensed Loans
Australian startup Afterpay is settling with the California Department of Business Oversight (DBO) over allegations that the buy now, pay later (BNPL)...
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AuthenticationCould The Coronavirus Crisis Solve Digital IDs’ ‘Chicken and Egg’ Problem?
When all is said and done, when the pandemic is over, when we emerge on the other side of this, it’s safe...
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CoronavirusCoronavirus: Starbucks Moves To Takeout In US, Canada; Europe To Speed COVID-19 Innovation Funding
The coronavirus could have far-reaching effects on coffee shops, retail stores and restaurants. Here are the latest updates on the coronavirus around the world....
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B2B PaymentsGovernments Step In To Quell Late Supplier Payments Pain
To provide relief to small suppliers as the coronavirus continues to squeeze supply chains and rock cash flows, U.K. grocery giant Morrisons...
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BitcoinBitcoin Daily: Investors Reimbursed For $2M Hacker Losses By IOTA Exec; Australia To Focus On Crypto Holders For Audits; France Wants Testing Ground For EU Security Tokens; ICOBox Fined $16M For Selling Unlicensed Securities
The founder of IOTA is repaying victims of a wallet hack earlier this year to “preserve” the runway of his endeavor, CoinDesk...
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Consumer FinanceInDebted Notches $14M To Use Machine Learning In Debt Collection
The Australian FinTech InDebted announced it has raised A$14 million ($9 million) in its Series A funding round, co-led by venture capital...
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Buy Now Pay LaterHow DSW Is Using POS Financing To Boost Online Spend
Buy now, pay later (BNPL) solutions seem perfect for the occasional luxury buy — but luxury retailers are far from the only...
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B2B PaymentsAussie Competition, Finance Regs Collab Against Late Payments
Financial and competition regulators in Australia have teamed up to look into the rising use of supplier payday lending schemes used by...
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InternationalAfterpay Now Has More Customers In US Than Down Under
In its half-yearly financial results, Australian FinTech firm Afterpay Limited reported more customers in the United States than in Australia. The company said it...
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B2B PaymentsPayPal Eyes ‘Major Opportunity’ Of Aussie SMB Lending
Payment company PayPal is looking at small business credit as a new field of opportunity. The company is championing a national digital...
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B2B PaymentsAussie Tax Office Reminds SMBs To Pay Debt
Small and medium-sized businesses (SMBs) in Australia are being reminded by the country’s tax office that owing money to the agency is...
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B2B PaymentsJoint Venture Delivers Payments To Singapore
British bank Standard Chartered and payments firm Assembly Payments have established a joint venture in Singapore to bring payment solutions to its...
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BitcoinBitcoin Daily: Token Marketplace Buys Majority Of Australia Football Club; Circle Sells Crypto Investing App
Circle Invest will be sold to Canada-based Voyager Digital by its current owner Circle Internet Financial, with Circle Invest gaining an equity...
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InternationalASBFEO Calls For Supply Chain Financing Fairness
A position paper released by Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), calls for a fairer approach to...
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B2B PaymentsReuters, KPMG Team For Aussie Business Taxes
Business information firm Thomson Reuters is teaming up with global tax company KPMG to offer Australia businesses a solution to deal with...
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NewsTop News In Payments: Stripe To Power Digital, In-Store Payments For Lightspeed; Fed Weighs Cost And Benefits Of Digital Currency
In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal...
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Payment MethodsAustralia’s Central Bank Calls For Switch From Visa, Mastercard To Cheaper EFTPOS
Australian regulators are considering whether it is necessary to stop banks from automatically routing “tap and go” card payments through Visa and...
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Security & FraudAustralia’s Toll Suffers Ransomware Attack
Australian logistics company Toll has been forced to disable its systems and use non-digital processes after a ransomware attack on Friday (Jan...
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B2B PaymentsReverse Factoring’s Late Payments Controversy
The conversation surrounding late supplier payments is proliferating as new controversies emerge about the impact of reverse financing on supplier payment practices,...
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B2B PaymentsAccounting Firms MYOB, Xero Eye Invoice Finance Solutions
Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees...
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Payment MethodsCBA Invests $200M In Klarna For Australian Rollout
The Commonwealth Bank of Australia (CBA) has invested $200 million in the Swedish FinTech unicorn Klarna, the buy now, pay later service...
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B2B PaymentsAussie Telecom’s Supply Chain Financing Criticized
Australian telecommunications giant Telstra neglected to tell its smaller suppliers in a timely manner that they would be moved to supply chain...
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BitcoinBitcoin Daily: Lancashire Cricket To Enable UK’s First Blockchain Mobile Tickets; Japan Lawmakers To Propose Country’s Own Crypto
The U.K.’s Lancashire Cricket Club is now selling tickets for all domestic and international fixtures at Emirates Old Trafford in 2020 through...
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InternationalAmazon Seeks Pharmacy Trademarks In Canada, UK, Australia
Amazon has filed for a trademark for Amazon Pharmacy in several countries, according to a report by CNBC. Those countries include Australia,...
