ANZ to Trial Offline CBDC Payments
ANZ has established cooperation with two universities to test CBDC offline payments using smart cards, which can be loaded with funds and used as cash.
Australia - page 3
Westpac Announces Initiatives To Back Women Business Leaders
Westpac announced new measures to help female-led SMBs with dedicated start-up and scale-up loans, as research reveals accessing finance is one of the main challenges for women in business
Westpac Tests New Security Feature
Westpac is testing additional security layer for online payments to alert customers of potential scams, as customer losses to fraud reached a new record high in December
Canadian Fintech Nuvei Launches in Australia
Canadian fintech company Nuvei, announced that businesses operating in Australia can now access its full suite of payments solutions, continuing its global expansion strategy
Western Union and Beforepay Launch ‘Send Now Pay Later’ in Australia
Global remittance provider Western Union has partnered with the Australian ethical lending fintech Beforepay to offer consumers an innovative credit solution ‘Send Now Pay Later’
NatWest and NAB Recommend Australia to Create Organization Modeled on OBIE
NatWest Bank and National Australia Bank (NAB) of Australia announced the need to consider the possibility of creating an organization in the Australian financial system like the British OBIE, which would help ensure the maximum level of efficiency of interaction between industry representatives and regulatory authorities.
Shift Raises A$27 Million
Shift, a provider of credit and payment platforms for Australian businesses, has attracted investments in the amount of AUD$27 million following the results of the Series C financing round.
Westpac Adds BNPL Functionality to Credit Cards
Westpac is giving credit card owners the opportunity to pay off their bills in four monthly BNPL instalments
BNPL Firm Openpay Falls Into Receivership
The Australian operator BNPL Openpay declared bankruptcy a few days after reports of a record quarterly profit.
Australia Introduces Classification for Crypto Assets
Australia’s national regulators have identified four major products in the crypto sector.
NAB to Release Its Stablecoin
The National Bank of Australia plans to issue stablecoin in the summer of 2023.
Are Startups Going Out of Fashion?
Tech startups across the globe are now facing a massive drain of funding from the segment. The total number of startups has also significantly declined. Why does it happen, and what to expect next?
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