Digital Payments

Oct
05

Gelato Messina launches world leading mobile payment app

Gelato Messina, pioneers of weird and wonderful gelato creations and one of Australia’s most popular brands, are ditching their cash-only policy and moving towards mobile payments to the joy of cashless customers nationwide. On 4th October 2016 Messina launched a mobile payment and loyalty app that allows customers to pay with their phone and be […]

By Cameron Dart | FinTech . Payments
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Oct
04

UBS invests big in blockchain future

Global investment bank UBS is throwing its resources behind the blockchain’s transformative potential, investigating a range of applications such as smart bonds, cross border payment transactions on the distributed ledger and a digital representation of physical currency. In 2015 the bank opened an innovation lab designed to explore how the blockchain could be used by […]

By Cameron Dart | Banking . Bitcoin . Blockchain . Currency . FinTech . Investing . Payments
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Sep
13

zipMoney has grabbed fintech Pocketbook in a $7.5 million deal

  Digital retail finance and payment industry player zipMoney has bought personal finance management app maker Pocketbook. The deal includes $6 million upfront and another $1.5 million, depending on a set of milestones. The acquisition strengthens zipMoney’s position in Australia’s fintech sector. A short time ago, zipMoney shares were up 5.7% to $0.74. All Pocketbook […]

By Cameron Dart | FinTech . Payments
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Aug
30

ANZ Apple Pay users hit 250,000

Around a quarter of a million ANZ Banking Group customers are understood to be using Apple Pay, a number that exceeds the bank’s expectations four months after the service was launched. It’s also a number that’s set to rise, with ANZ to announce on Tuesday that its Mastercard customers are also able to load their […]

By Cameron Dart | Banking . FinTech . Payments
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Aug
24

Banks to develop new digital cash unit for settlement

Four of the world’s biggest banks have teamed up to develop a new form of digital cash they believe will become an industry standard to clear and settle financial trades using blockchain, the technology underpinning bitcoin. UBS, the Swiss bank, pioneered the “utility settlement coin” and has now joined forces with Deutsche Bank, Santander and […]

By Cameron Dart | Banking . Bitcoin . Blockchain . FinTech . Payments
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Aug
24

Big banks are closing their ranks to fintech

Australia’s largest financial institutions are turning away from the fintech scene they have worked hard to embrace. Australia’s largest banks have been turning their backs away from fintech in recent weeks, with the issue of data sharing again causing a rift between the established institutions and their tech counterparts. A tumultuous few weeks fighting over […]

By International FinTech | Banking . FinTech . Payments
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Aug
24

Coles backs Westpac, CommBank, NAB, and Bendigo and Adelaide Bank in Apple Pay fight

Retailers including Coles have thrown their support behind a push by several big banks to put their rivalry aside and negotiate as a bloc with Apple over its digital payments service. Apple’s current constraints on “digital wallets” provided on the iPhone threaten to stifle innovation and competition, the retail industry’s peak body told the competition […]

By Cameron Dart | Banking . FinTech . Payments
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Aug
23

PayPal ‘miles ahead’, welcomes rivals to the ecosystem

PayPal’s global head of product, Bill Ready, is confident his company’s dominance in digital payments is set to continue, declaring PayPal is just scratching the surface of its potential as it enters the Fortune 500 for the first time. Mr Ready, who remains responsible for PayPal’s Braintree unit after it was acquired in 2013 and […]

By Cameron Dart | FinTech . Payments
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