Australia

Banking Circle Brings Its BC Payments to Australia for Cross-Border Payments
Banking Circle Brings Its BC Payments to Australia for Cross-Border Payments
August 28, 2023  |  Cross-border Payments

Payments company Banking Circle has launched its BC Payments unit in Australia. The rollout, announced Monday (Aug. 28), is designed to offer FinTechs, banks and payments businesses...

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CBDCs  Likely ‘Some Years Away’ For Australia
CBDCs Likely ‘Some Years Away’ For Australia
August 23, 2023  |  Cryptocurrency

A central bank digital currency (CBDC) may not be in Australia’s near future. That’s according to a report issued Wednesday (Aug. 23) by the Reserve Bank of Australia and Digital...

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7-Eleven Australia Taps Frictionless Checkout as Shoppers Demand Convenience
7-Eleven Australia Taps Frictionless Checkout as Shoppers Demand Convenience
August 15, 2023  |  Retail

7-Eleven Australia is gearing up to roll out frictionless checkout in an effort to meet convenience store customers’ need for speed.   In an emailed press...

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Crypto Trading Firm Bakkt Expands International Reach
Crypto Trading Firm Bakkt Expands International Reach
August 10, 2023  |  Cryptocurrency

Cryptocurrency company Bakkt Holdings is expanding its reach into five new international markets — Latin America, the United Kingdom, the European Union, Hong Kong and Australia —...

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McDonald’s Australia Opens Fries-Only Pop-Up as Fast Food Goes Niche
McDonald’s Australia Opens Fries-Only Pop-Up as Fast Food Goes Niche
July 18, 2023  |  Restaurant innovation

“Would you like fries with that?” is a question you won’t hear at McDonald’s Australia’s new pop-up shop, a fries-only restaurant. This concept may be...

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Zip Continues Streamlining BNPL Business With 20% Layoffs
Zip Continues Streamlining BNPL Business With 20% Layoffs
July 03, 2023  |  BNPL

Australian buy now, pay later provider Zip says it is continuing to streamline its operations. And part of that streamlining apparently involves cutting 20% of...

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Commonwealth Bank of Australia Begins Restricting Payments to Crypto Exchanges
Commonwealth Bank of Australia Begins Restricting Payments to Crypto Exchanges
June 08, 2023  |  Cryptocurrency

Commonwealth Bank of Australia has started declining or holding for 24 hours certain payments to cryptocurrency exchanges. Within months, the bank will also begin limiting customer...

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Australia Wants to End Check Payments by Decade’s End
Australia Wants to End Check Payments by Decade’s End
June 07, 2023  |  News

The age of the paper check is coming to an end in Australia. Amid a rapid shift to digital payments — the type of movement...

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Australia Reclassifies BNPL as Credit While UK and US Regulators Eye Similar Actions
Australia Reclassifies BNPL as Credit While UK and US Regulators Eye Similar Actions
May 26, 2023  |  Buy Now Pay Later

From Australia, the land that invented buy now, pay later (BNPL) as we now know it, comes news this week that laws are changing to...

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