CBA and Telstra Trial Scam Indicator
Commonwealth Bank of Australia is exploring a Scam Indicator solution able to protect its joint with Telstra clients from phone scams and mitigate customer losses of up to $15-20 million
Australia - page 3
Mastercard Integrates With a Stablecoin Digital Wallet
Mastercard collaborated with the Australian stablecoin platform Stables to allow retail customers in the APAC region to spend their stablecoins
NAB Completes Cross-Border Multicurrrency Stablecoin Pilot
The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.
Australian Taxation Office Implements Crypto Monitoring
The Australian Taxation Office is taking measures to monitor crypto transactions and ensure tax law compliance when it comes to digital assets with the help of a new data-matching tool
BNPL Platform Affirm Quits Australia
The American Buy Now, Pay Later Affirm platform announced its withdrawal from the Australian financial services market.
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.
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.
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