In Australia, the Reserve Bank, in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), demonstrated the potential use cases and economic benefits of the central bank’s digital currency (CBDC).
Lululemon has directed a minority investment in the Australian waste recycling company Samsara Eco.
The Australian bank Westpac has blocked the possibility of financial operations for the transfer of funds to a division of Binance, which operates in Australia.
Besides a new offering for businesses in Australia, the crypto-friendly digital bank Revolut is still looking to secure a banking license to expand its services UK-based fintech firm Revolut has launched international payments-focused accounts for business clients in Australia, looking to create an app or platform where “people can manage their entire financial lives in […]
The Australian consumer creditor Latitude Financial has received a demand from criminals who carry out their illegal activities in the virtual space to redeem previously stolen data.
JCards has launched an application for tracking working hours, which is designed for mobile employees.
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
Mastercard collaborated with the Australian stablecoin platform Stables to allow retail customers in the APAC region to spend their stablecoins
The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.
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
The American Buy Now, Pay Later Affirm platform announced its withdrawal from the Australian financial services market.
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 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 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 company Nuvei, announced that businesses operating in Australia can now access its full suite of payments solutions, continuing its global expansion strategy
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’
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