Visa Analysis Reveals Online Holiday Shopping Growth
Online retail shopping during the holiday season increased by 7.1%, according to Visa observations, though the majority of purchases still take place in brick-and-mortar stores.
Australia
Australia Develops Plan to Boost AI Investment
In Australia, the Department of Industry, Science and Resources is starting work on a National AI Capability Plan.
Australian Fintech Faces Contraction, Blockchain Hit Hardest
Despite global interest in cryptocurrency, Australia has seen the closure of several blockchain and crypto startups, amid the overall decline of fintech innovation in the country.
Deutsche Bank Brings Merchant Solutions to APAC
Deutsche Bank Merchant Solutions capabilities are officially available in Australia, India, Indonesia and South Korea. They provide the bank’s clients with a global payment acceptance platform with a diverse range of local payment methods.
Australia Passes Social Media Ban for Children Under 16
Australia on Thursday, November 28, passed a law banning social media for children under the age of 16 after an active and high-profile public resonance, which has become one of the most discussed topics in the country.
Zeller Unveils Terminal 2 Integrated Payments & POS Solution
Australian fintech Zeller introduced an all-in-one payments and point-of-sale (POS) solution for businesses called Terminal 2, setting a new benchmark in retail technology.
Samsara Eco Raises $65M Funding Round to Expand Its Plastic-Eating Enzymes
Samsara Eco proprietary technology uses enzymes to disaggregate plastic waste into raw materials, which can eventually be transformed into the foundation for new products.
Meta Considers News Blocking From Facebook in Australia
Meta is currently considering blocking news content on its Facebook digital platform in Australia.
PsiQuantum to Build First Commercial Quantum Computer
PsiQuantum aims to build a utility-scale fault-tolerant quantum computer capable of error correction in Brisbane, Australia.
Westpac Announces Tech Upgrade
Australian bank Westpac has announced its intention to invest billions of dollars in simplifying its technology infrastructure over the next four years.
Australians Increasingly Use Crypto for Retirement Funds
A recent report shows a 400% growth of crypto assets share in “self-managed super funds” used by Australians as a means to secure their retirement life.
Paramount+ Launches Premium Internationally
The active emergence of new consumer coverage formats currently observed in the sphere of streaming, aimed at creating the most favorable conditions for interaction with virtual platforms for representatives of various groups from the point of view of financial well-being, prompted Paramount + to launch its premium tier on an international scale.
Australia Watchdog Fines X
The Australian watchdog for Internet security has fined the social network X, which has been owned by billionaire Elon Musk since October last year.
Mastercard Reports on Wrapped CBDC Solution Success
Mastercard has participated in the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre’s (DFCRC) central bank digital currency (CBDC) pilot project, showing positive results.
Australia Plans to Regulate Digital Payment Services
The Australian government has officially announced plans to introduce new legislation that will give the Reserve Bank of Australia the authority to carry out activities to regulate digital payment services, including providers of virtual wallets.
Swyftx Earn and Learn Platform Pays Aussies for Crypto Education
Australian crypto exchange Swyftx is going to reward customers learning about crypto scams through a new “Earn and Learn” education platform
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