Payments News » Australia

Australia’s new payments platform goes live

February 13 2018

in
Australia

“The billion-dollar new platform underpinning Australia’s payments system has been set live to the public today, but the Commonwealth Bank is the only major bank to open it to customers at launch. The financial services industry and federal government have been working on the new payments platform (NPP) since early 2012.”

Global

NPP is ‘attempting to address’ fraud risks: RBA

March 16 2018

“The New Payments Platform launched in February, but participants and the platform itself continue to negotiate fraud risks, the Reserve Bank of Australia has revealed. Assistant financial system governor at the RBA Michele Bullock told an audience in Sydney on Tuesday that there’s a lot happening in the payments space as participants and platforms work […]

Global

ANZ sees dramatic uptake in digital wallet payments

May 3 2018

in
Australia

“ANZ Bank customers made almost $600 million in mobile payments during the first half of fiscal year 2018. The bank said today that customers completed more than 18.5 million mobile payment transactions in the half, an increase of 156 percent on the previous corresponding period.”

Domains

Big Bank’s Mobile App Beem IT Goes Live In Oz

May 29 2018

“As reported in October 2017, three of the nation’s largest banks, the Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) and Westpac partnered to create the app. In what was described as an apparent bid to compete with new companies entering the finance sector, Beem IT is designed to allow customers to have a digital […]

Companies

Coinbase Lets You Convert Your Tokens Into Gift Cards

July 25 2018

“It’s still quite hard to buy physical goods using bitcoins or ethers. Coinbase plans to (partially) solve that issue with a new partnership with WeGift. Coinbase customers in Europe and Australia can now convert their tokens on their Coinbase account into digital gift cards for popular stores. For instance, you’ll be able to buy gift cards for Uber, Tesco, Google […]

Companies

FIS Connects Three Australian Financial Institutions to Real-time Payments Platform

April 19 2018

“Continuing its leadership in the global movement toward real-time payments, global financial technology provider FIS™ (NYSE: FIS) announced today that it has leveraged its Open Payment Framework (OPF) to connect three leading Australian financial institutions to the country’s New Payments Platform (NPP).”