Australia

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  |  ResTech

“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  |  BNPL

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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Amex and Cuscal Give Australians Faster Way to Pay Card Bills
Amex and Cuscal Give Australians Faster Way to Pay Card Bills
March 23, 2023  |  Real-Time Payments

American Express and payments firm Cuscal have teamed to help Australian customers repay charges in minutes. The partnership, announced Thursday (March 23), involves what American...

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Nuvei Takes Three-Tiered Approach to Australia Launch
Nuvei Takes Three-Tiered Approach to Australia Launch
March 21, 2023  |  Cross-border Payments

As China comes back online and adjoining markets like Hong Kong and nearby Singapore also reawaken from a COVID-induced slumber, that part of the world...

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BNPL Firm Zip Exiting Most Markets and Selling Assets as Stock Plummets
BNPL Firm Zip Exiting Most Markets and Selling Assets as Stock Plummets
March 01, 2023  |  BNPL

Exactly one year ago buy now, pay later (BNPL) firm Zip entered a definitive agreement to acquire rival Sezzle. Fast-forward to Wednesday (March 1), and...

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Australia Led BNPL Innovation, Now Seeks to Regulate It
Australia Led BNPL Innovation, Now Seeks to Regulate It
March 01, 2023  |  Payment Methods

Though better known for its wild wildlife and wide-open spaces, Australia is forging a different frontier — reimagining the framework supporting and regulating payment plan...

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