Reserve Bank of Australia

Australia’s Central Bank Calls For Switch From Visa, Mastercard To Cheaper EFTPOS
Australia’s Central Bank Calls For Switch From Visa, Mastercard To Cheaper EFTPOS
February 05, 2020  |  Payment Methods

Australian regulators are considering whether it is necessary to stop banks from automatically routing “tap and go” card payments through Visa and Mastercard, when retailers...

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Amazon Australia Integrates BNPL Startup Zip Co 
Amazon Australia Integrates BNPL Startup Zip Co 
November 07, 2019  |  Payment Methods

Amazon Australia is partnering with buy now, pay later (BNPL) startup Zip Co, Reuters reported on Wednesday (Nov. 6). News of the arrangement triggered a...

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Australia’s Big Banks Criticized For Response To Rate Cut
Australia’s Big Banks Criticized For Response To Rate Cut
October 03, 2019  |  B2B Payments

An interest rate cut from Australia’s Reserve Bank has caused controversy in the small business banking sector, with Treasurer Josh Frydenberg praising small banks and...

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Aussie Reserve Bank Throws Shade On Banks’ Slow Response To New Payments Platform
Aussie Reserve Bank Throws Shade On Banks’ Slow Response To New Payments Platform
May 17, 2019  |  Banking

The Reserve Bank of Australia (RBA) has sent a warning to major banks that its slow progress in implementing the New Payments Platform (NPP) has...

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Aussie’s New Payments Platform (Called New Payments Platform) Goes Live   
Aussie’s New Payments Platform (Called New Payments Platform) Goes Live   
February 13, 2018  |  News

The Reserve Bank of Australia and its Payments System Board announced on Tuesday (Feb. 13) the launch of a new payments infrastructure – called the New...

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