Category: Automation

Offering Aussie businesses a cheaper alternative to global credit card schemes, Australia debit card company eftpos has rolled out its digital payment services for banks and retailers. In its first play in the digital payments realm, eftpos’s new service will allow merchants to process regular...

Ezypay, a subscription payments provider in Australia has adopted the tokenized payment security technology of Mastercard – MDES (Mastercard Digital Enablement Service for Merchants). Through this tokenization, Ezypay will be able to offer their business customers a stronger collection process and enhanced payment security. Subscription-based...

Co-founders of Kogan.com, Ruslan Kogan and CFO David Shafer sold 6.9% stake in the company as its share price skyrocketed following its FY20 result earlier this week. In a note sent to the ASX in the morning of 19th August 2020, the Australia-based fintech company...

A UK-headquartered challenger bank Revolut has rolled out its finance management app in Australian market. The money app was already running on ‘beta’ mode in the country, meaning a phase in which products and services of a company are being improved. Currently, fintech Revolut has...

Credi, a leading Australian personal lending platform, has launched its vendor finance solution for SMEs through a deal signed between Provender, an Australian vending machine supplier, and one of its franchisees.  Provender is Australia’s leading vending machine specialist and was looking for a solution that...

Retirement income fintech Timelineapp has bagged funding of $2.3 million that it will utilize for global expansion. The major contributors to the funding were Anthony Murrow (CEO of Open Money) and Alan Smith (CEO of Capital Asset Management). FNZ also contributed to the funding making...

BPAY Group has been recognized the 5th Best Place to Work in 2020 in Australia by global research and consulting firm, Great Place to Work. The Australian fintech company BPAY Group earned this rank on the list of Best Places to Work in 2020 Study...

With the launch of its new payments platform, Australian fintech company ‘The Payment App’ will take on global competitors Square and PayPal. Interestingly, The Payment App is not the actually an app but the name of an Australian fintech company that has created a band...

Australian BNPL Afterpay lost its Chief Technology Officer (CTO) of 3 years, Jon Donoghue, to National Australia Bank. Donoghue has been appointed as the Chief Information Officer for NAB’s UBank and will sit within the bank’s Technology and Enterprise Operations division. He will be reporting...

Australian investment management company Praemium is set to acquire wealth management platform Powerwrap for $55.6 million through an off-market conditional takeover. Praemium already owns 15.1% shares of Australia-based Powerwrap and now it aims to buy out the remaining 85% via a $15 million term loan...