Payments

Feb
25

PromisePay’s a disruptive influence that has learned well

As some of the heat recedes from the bubbly global fintech sector, Melbourne-based payments disrupter PromisePay is among a select group of local start-ups with a rapidly deepening revenue stream, serious global prospects and an embarrassment of funding options. Sometime this year, PromisePay will start taking bids for a second round of funding. One of founder chief executive Simon Lee’s problems is that he can’t accommodate everyone who wants to clamber aboard the PromisePay bandwagon, which is why a $10 million cash-grab is likely to be upgraded to $30m-$40m. That way, PromisePay can flaunt its balance sheet to customers generally concerned about trust and stability, and lock in adequate funding […]

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Feb
24

Australian Startup Rewards Customers Paying Bills with Bitcoin

An Australian startup that acts as an intermediary to enable Australians to pay their bills with Bitcoin is now rewarding customers with a first-of-its-kind loyalty program. Living Room of Satoshi, aptly named after Bitcoin’s pseudonymous creator Satoshi Nakamoto is an Australian blockchain-based payments company that enables its users to settle their bills with bitcoin. Customers can use bitcoin to pay for utilities, home and property rent, school fees, credit card payments and insurance premiums. Now, the payments company has announced a loyalty program which will reap rewards for Australians who choose to make their payments in bitcoin. The rewards include the likes of Apple TVs, PlayStation 4 consoles, Fitbit wristbands […]

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Feb
22

Samsung Pay goes with Amex first

The race for digital wallets is heating up in Australia and it’s great to have giants like Apple and Samsung battling it out. This can only mean one thing – great results and products for consumers! Samsung has confirmed it will join the re-boot of the digital wallet race in Australia in 2016, becoming the fourth country to get Samsung Pay after South Korea, the US and China.Like Apple Pay, Samsung will be going with American Express first and add other cards later. American Express payments have been available on Apple Pay since November. Bank issued Visa and MasterCard will initially only work on Android Pay, which is understood to […]

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Feb
02

MINT PAYMENTS PRESS RELEASE

MINT PAYMENTS SIGNS AGREEMENT WITH AWARD WINNING TRAVEL AGENCY SOFTWARE SOLUTION PROVIDER PROCESSING $4 BILLION IN TRAVEL SPEND Sydney, 1 February 2016: Payments processing technology provider, Mint Payments (ASX: MNW) (Mint or the Company) has partnered with multi award winning travel agency software solution provider Tramada Systems (Tramada), signing a three year licence and distribution agreement to deliver its fully integrated online payments processing service “Minternet”. Through the use of Minternet’s Application Programming Interface (API) software, Tramada has developed an integrated credit card module (tramada® Payment Gateway) that will be offered to all of its customers as a core product offering within Tramada’s suite of travel agency software solutions. Mint […]

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Jan
21

How an Aussie fintech startup is connecting major brands to Chinese customers

Its always great to see Australian FinTech companies leading the way in international markets. Its hard to believe that such a market leader could remain under the radar for so many years. SmartTrans, a payments startup whose board is chaired by Australia’s former ambassador to Beijing has just posted its fourth consecutive $1m-plus month of revenue from its Chinese customer base. The fintech company’s share price has rallied this week after it posted a record revenue of $3.69 million in China during Q2. That’s an increase of 59% on the previous quarter’s revenue of $2.27 million and an increase of 620% on revenue for Q2 in FY2015. The company acts […]

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Jan
13

Fiserv and Alpha Payments Cloud Partner on Cost Effective Solution to Connect to Real-Time Payments in Australia – Press Release

Alpha Payments Cloud, a global leader in providing third party payment, risk and commerce solution access to international banks and merchants, has today announced a partnership with Fiserv, Inc., a leading global provider of financial services technology solutions. The partnership will provide Australian banks with a simpler and faster way to process payments in Australia while also generating significantly more value through the addition of overlay services through the AlphaHub Payments as a Service platform. The AlphaHub introduces Australian banks to an entirely new middleware layer that provides frictionless access to overlay services instantly, significantly speeding up the introduction of new functionalities. Accessing these new functionalities through the AlphaHub’s considerable […]

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Dec
21

Australia’s top 32 start-up tech successes and why they matter

Want to start the next billion-dollar tech company? You need to be male, in your mid-30s and only two or three years into running a start-up. Not-for-profit organisation StartupAus has compiled a list of Australia’s tech successes over the past 13 years, featuring businesses with valuations in excess of $100 million. The list of 32 companies, which forms part of a report compiled with the University of Technology, Sydney which is due to be released early next year, features known successes Atlassian, Campaign Monitor and Catch Group, but also a number of lesser-known companies which are on track to become the next success stories, or “unicorns”. Lesser-known businesses such as […]

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Dec
21

Two FinTech disruptors hit the ASX

Two new Diversified Financial offerings listing on the ASX have the potential to shake things up for money lenders in both the consumer and commercial space. The companies are Directmoney (DM1) – a Peer to Peer (P2P) lender with a twist; and zipMoney (ZML) – a unique online credit provider for consumers and businesses. Both are prime examples of one of the hot long-term trends in technology – FinTech, or financial technology. FinTech companies are disrupting traditional financial services with the use of software and online platforms. In truth, disruptive activity in financial services pre-dates the Internet and the extensive use of sophisticated financial software. Dealing with traditional banks for […]

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