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New Aussie Money App to Help Kids Learn About Digital Money

“Thousands of families across Australia are set to try out Kit, a new CommBank-supported money app that could revolutionise how kids learn to earn, save, spend, and manage money, in the digital economy. The app has been launched today as a trial by x15ventures (CommBank’s venture arm), as new research highlights the increasing difficulties parents […]
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Global

Reserve Bank of Australia Taking Cautious Crypto Approach

“While the Reserve Bank of Australia (RBA) is conducting research into various applications of cryptocurrencies and distributed ledger technologies, they are under no pressure to quickly roll out solutions to address clear needs in the marketplace, a representative said earlier today. Speaking to the Australian Corporate Treasury Association, head of payments policy Tony Richards, shared his thoughts […]
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Global

Over a Million Australians Have Abandoned Credit Cards for Buy Now, Pay Later Services in the Past Year, New Research Shows

“Over a million Australians cancelled their credit cards in the past year in favour of the raft of services offering interest-free payment instalments, new research conducted by Nielsen and DBM Atlas shows…The Reserve Bank of Australia reported in March 2020 that buy now, pay later transactional values had risen by 55% in the past 12 […]
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Global

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

“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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Global

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

“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 […]

On The Wires

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Companies

EPayments and Alchemy Pay Partner for Australian and NZ Crypto Payments

“Fiat-crypto payments provider, Alchemy Pay (ACH), has partnered with merchant payment provider, ePayments, to offer crypto payments and services in New Zealand and Australia. ePayments will integrate with Alchemy Pay to provide to their merchants with crypto payment acceptance, as well as payments with Binance Pay. As part of the partnership, Alchemy Pay will also leverage ePayments’ NZ […]