On The Web

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Global

Major Banks, Retailers and Fintechs to Support Rollout of National QR Payments and Rewards System in Australia

October 20 2021

• in
• Australia

“Commonwealth Bank of Australia and National Australia Bank as well as supermarket chains Coles and Woolworths and fintechs Azupay , Beem It and Merchant Warrior have confirmed they will support the rollout of the national QR payments and rewards platform developed by Australia’s Eftpos payments system.”

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Global

Eftpos Partners With Major Aussie Banks and Retailers to Launch QR Code Payments Platform | ZDNet

October 13 2021

• in
• Australia

“Eftpos has partnered with Commonwealth Bank of Australia, National Australia Bank, Coles, Woolworths, Azupay, Beem It, and Merchant Warrior to launch its new QR code payments platform it’s calling eQR. To begin rolling out as a new consumer payment option before Christmas, eQR has been described by Eftpos CEO Stephen Benton as a system that […]

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Global

Australia Considering New Laws for Apple, Google, WeChat Digital Wallets

August 30 2021

• in
• Australia

“The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple (AAPL.O) and Alphabet’s Google (GOOGL.O) . Treasurer Josh Frydenberg said he would “carefully consider” that and other recommendations from a government-commissioned report into whether the payments system had kept pace with advances in […]

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Deals

Australia’s NAB to Buy Citi’s Local Consumer Business in $882 Mln Deal

August 10 2021

• in
• Australia

“National Australia Bank (NAB.AX) will buy Citigroup’s (C.N) local consumer unit for about $882.24 million, the companies said Monday, as the American bank exits the region while buy-now, pay-later rivals challenge the old credit card business model.”

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Global

Eftpos Makes AU$30m Commitment to Upping Security for Online Payments | ZDNet

August 4 2021

• in
• Australia

“Australian payments provider Eftpos has announced plans to spend another AU$30 million on digital upgrades to its network over the next year, including new security features. The AU$30 million adds to the AU$70 million Eftpos has already spent on its network over the last four years. The new security features are expected to be available […]

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Global

Eftpos QR Code Payments Tech Is Ready for Action | ZDNet

July 28 2021

• in
• Australia

“Australian payments player Eftpos has announced completing the build of its new QR code payments infrastructure. The first stage of the QR infrastructure was built in early July, CEO Stephen Benton said, and is described as being designed to provide secure and enhanced consumer purchasing and engagement experiences through loyalty, offers, receipts, and added security. […]

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Companies

PayPal Taps Into the NPP for Instant Transfers to Bank Accounts

June 7 2021

• in
• Australia
• Payouts
• PayPal

“PayPal has introduced a new feature enabling transfers from PayPal balance to domestic bank accounts and Visa debit cards within one minute. The feature uses the New Payment Platform (NPP) through PayPal’s partnership with the National Australia Bank (NAB) and Visa’s real-time payments platform, Visa Direct. It is available for transfers as low as $2 with […]

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Global

CBA Ups Digital Game With Open Banking Move and $50 Million Invesment in Disruptive Businesses

May 27 2021

• in
• Australia
• Open banking

“Commonwealth Bank of Australia has become the first of Australia’s Big Four banks to let customers see balances from other banks within its banking app under the country’s new Open Banking rules. The move comes as the bank ups its digital game with a $50 million investment in disruptive business platforms Little Birdie and Amber.”

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Deals

Australian Fintech Firm Mx51 Raises $25 Million

May 24 2021

• in
• Australia
• Omnichannel

“Australia’s fintech startup, mx51 announced that the company has secured $25 million in the Series A funding round to accelerate its expansion. According to an official announcement , the recent funding round was led by Acorn Capital, Artesian, Commencer Capital and Mastercard . In addition, the company is planning to introduce new features to compete […]

On The Wires

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Global

Cuscal Leverages BHMI’s Concourse to Support NPP Australia’s PayTo Initiative

July 29 2021

• in
• Australia

“BHMI , a leading provider of payments software and creator of the Concourse Financial Software Suite® , announced that Cuscal Limited , Australia’s leading independent provider of payment solutions, will be utilizing BHMI’s Concourse solution to support the needs and requirements for Australia’s New Payments Platform (NPP) upcoming PayTo initiative, which provides customers with enhanced […]