Australia news and trends

Meta Dropping Facebook News in US, Australia in April
Meta // March 29, 2024

Meta will close Facebook News in the United States and Australia in April. This move comes after the company did the same thing in the United Kingdom, France and Germany in September 2023, Meta said in a Friday (March 29) update. “This is part of...

Amazon Taps Stripe to Power ‘Just Walk Out’ Payments in Australia, Canada
Payment Methods // March 22, 2024

Stripe is now powering payments for retailers using Amazon’s Just Walk Out technology in Australia and Canada. With Stripe Terminal and Stripe Connect enabling in-person payments for retailers using that technology, consumers can shop and then leave the store without having to wait in line...

AutoSettle Launches Car-Buying Platform in Australia
eCommerce // March 20, 2024

FinTech startup AutoSettle launched a platform to improve the vehicle-buying process in Australia. The platform is the world’s first virtual settlement exchange for cars and offers instant and secure transactions, according to a Wednesday (March 20) news release. “AutoSettle is set to redefine the landscape of vehicle transactions in...

Australia Payments Plus Picks Swift to Battle Payments Fraud
Security & Fraud // March 19, 2024

Australian Payments Plus (AP+) has chosen Swift to assist in improving the country’s payment capabilities. Swift will build a service to reduce misdirect payments and boost defenses against payment fraud, the global payments network announced Tuesday (March 19) in a news release emailed to PYMNTS. AP+...

Interviews & Exclusives
Can Real-Time Payments Play in Australia — or Are Payments Already Fast Enough?

February 07, 2024
As companies increasingly set their sights on international markets, the need for a comprehensive understanding of the principles guiding global expansion is becoming increasingly essential. Juan Franco, senior vice president of eCommerce for the Asia-Pacific (APAC) region at Nuvei, highlighted some of these factors in an interview with PYMNTS, ranging from user behaviors and regulations […]

Nuvei Takes Three-Tiered Approach to Australia Launch

March 21, 2023
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 is hungry for digital innovation...

Australia Led BNPL Innovation, Now Seeks to Regulate It

March 01, 2023
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 programs. PYMNTS conducted a comprehensive...

New Map Shows Real-Time Payments Progress in 2023

January 04, 2023
Real-time payments are becoming table stakes worldwide, driven by intense demand from businesses and individuals. Surveys have found that the availability of fast payments was a deciding factor for businesses...

Quick Reads
Australia Targets ‘Heavy Imbalance’ in Supermarket Sector

April 08, 2024
Australia is reportedly stepping up efforts to regulate its supermarket sector. A new government study, the subject of a Monday (April 8) report by The Guardian, warns of the need to reverse a “heavy imbalance in market power between suppliers and supermarkets in Australia’s heavily concentrated supermarket industry.” However, the report said, the study stops […]

Meta Dropping Facebook News in US, Australia in April

March 29, 2024
Meta will close Facebook News in the United States and Australia in April. This move comes after the company did the same thing in the United Kingdom, France and Germany...

Amazon Taps Stripe to Power ‘Just Walk Out’ Payments in Australia, Canada

March 22, 2024
Stripe is now powering payments for retailers using Amazon’s Just Walk Out technology in Australia and Canada. With Stripe Terminal and Stripe Connect enabling in-person payments for retailers using that...

AutoSettle Launches Car-Buying Platform in Australia

March 20, 2024
FinTech startup AutoSettle launched a platform to improve the vehicle-buying process in Australia. The platform is the world’s first virtual settlement exchange for cars and offers instant and secure transactions, according to a...