Global payments provider Square is set to buy Australia’s buy now pay later platform Afterpay in a deal which values the company at $39 billion.
Payments technology company mx51 has raised $25 million in a Series A round led by Acorn Capital, Artesian, Commencer Capital and Mastercard.
Sydney-based savings fintech Nudge is partnering with payments provider Monoova in a deal the company says will enable it to deliver faster payments-processing times and offer a broader feature set to its “growing base” of Australian savers.
Sydney-based payments provider Monoova is partnering with fintech lender Jacaranda Finance to deliver faster payments processing times, in a move designed to enable Jacaranda to deliver an improved loan experience to its customers.
Bendigo Bank has signed a deal with ASX-listed payments solutions provider Tyro Payments making the latter the exclusive merchant acquiring partner for its business banking customers.
Online payments provider PayPal has revealed its counter-offensive against criminals who seek to take advantage of the COVID 19 pandemic, saying it is now actively working with law enforcement in Australia to identify and prevent opportunistic online crime.
Global payment services provider SWIFT has published a new API standard for the pre-authorisation of funds which it says paves the way for further innovation in financial services enabled by Open Banking.
New Zealand’s competition regulator The Commerce Commission is keeping its powder dry on whether it will give clearance to the proposed acquisition of payments provider Paymark by France-based company Ingenico.
Twenty years after BPAY was launched in Australia around 60% of Aussies now pay their bills using the service, according to the payments company which says that on average people pay five or six bills a month.
Banking and EFTPOS payments provider Tyro Payments has appointed former PayPal Credit Australian founder Kareem Al-Bassam as its new head of product.
Australian payments solutions provider Mint Payment has secured an agreement with payment technology and merchant acquiring services provider Global Payments to provide integrated payment solutions and global payments for merchant acquiring services to each other’s customers in Malaysia and Singapore.
Global payments giant Worldpay has set up an operation in Australia to process payments in the country’s $42 billion ecommerce market.
Australia's first all-in-one multi-currency payment system, PinPayments, has partnered with international payment businesses, OFX, in a move which they say will streamline merchant banking for Australian business owners.
Former investment banker, Vickki McFadden, has been elected as the new Independent Chair of the eftpos board.
Eftpos provider Tyro Payments has raised $100 million to fund the next stage of its expansion and accelerate new product development.
Payments solutions provider, ecash, is expanding is business in the ATM market with solutions from Transaction Network Services (TNS).
Payments provider eWAY has launched a new online small business loan program which it says provides retailers with up to $100,000 in finance in just 7 minutes.
Listed online payments provider Mint Payments (ASX:MNW) has sealed a deal with eWAY to license Mint’s ‘card present’ capability to distribute their own mobile point of sale solution.
The use of contactless cards for payments is picking up in the Australian market with the technology starting to gain traction and greater acceptance by banks, merchants and consumers, according to a newly released study.
Online sales of goods and services in Australia are steadily increasing, with the end of the financial year spending showing a steep rise as businesses took advantage of the government’s tax incentives for purchases up to a value of $20,000.
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