Category: Automation

Westpac has signed on Afterpay as the debut user of its new bank-as-a-service platform which is cloud-based. Afterpay will use this platform to provide its Australian customers with savings accounts and cash flow tools. This will allow the company to understand its customers’ savings and...

After concluding its investigation into the Australian BNPL service Afterpay, The Australian Transaction Reports and Analysis Centre (Austrac) has decided to not pursue any further regulatory action against it. In June 2019, the Austrac had requested the appointment of an external auditor into Australian operations...

Undoubtedly, Buy Now Pay Later Services have changed the fintech and payments environment in Australia. A recent study by Roy Morgan found that till September 2019, over 1.95 million Australians have used at least 1 shop now pay later service, online or at stores, available...

In the middle of the COVID-19 pandemic, neobank Xinja is cutting the interest rate on its savings accounts once more. It is also slashing the amount of money its customers can earn interest on by $95,000. The new development which was enforced earlier this week,...

After building a successful track record in developing and implementing advanced payment platforms worldwide, UnionPay International (UPI) has some big news. The company introduced a QR code payment technology for merchants in the Australia and New Zealand regions. As an international payment network serving the...

Fintech company Bravura Solutions has announced its plans to acquire UK-based software company Delta Financial Systems for a consideration of $41.5 million. The acquisition has been funded through its existing cash reserve and is expected to be earnings per share accretive in FY21. Why Bravura...

A world-leading payments technology company Payrix has announced its official launch in Australia and New Zealand via 100% acquisition of a Brisbane-based payments fintech firm, IntegraPay. The Australian acquisition is supposed to boost Payrix’s efforts towards increasing revenue, removing barriers and accelerating the movement of...

Melbourne-based fintech Credit Clear has announced its plans to forge ahead with its plans for a $15 million initial public offering (IPO). The decision was taken as the novel Coronavirus pandemic fuels demand for technologies for the speedy recovery of unpaid bills. Credit Clear’s $15...

There is absolutely no shortage of groundbreaking Australian fintech startups and firms are offering cutting-edge solutions to its users. According to Australian FinTech, Sydney alone is a $60 billion fintech industry and home to more than half of Australia’s fintech firms. Additionally, by the end...

An Australian and New Zealand based provider of payment integration technology has announced it is acquiring Premier Technologies in a multi-million dollar deal. The acquisition of Premier Technologies will allow Linkly to offer its customers the complete package of physical and online payment capabilities, in...