Tag: Payments

Outgoing ASIC chair says put the foot down on FinTech

Posted on   |  by Joseph Brookes
Parts of Australia’s financial services sector are “scared” to innovate to the point they now risk a generational drag on economic progress, outgoing chair of the corporate watchdog Joe...

Banks push to end Apple’s free ride on payments system

Posted on   |  by Justin Hendry
Australia’s biggest banks want Apple and other global platforms to help foot the bill for maintaining core payments infrastructure, saying the current system gives big tech a free ride...

RBA takes another step towards digital currency

Posted on   |  by Wayne Cole
Australia’s central bank is taking another major step toward a wholesale central bank digital currency (CBDC) with a range of industry partners pursuing projects using real money and assets...

Payble reimagines local government payments

Posted on   |  by Stuart Mason
Each year local councils around Australia process millions of dollars across rates, infringements and fines.  This is typically a far from enjoyable experience for those paying these fines or...

Zepto blazes a trail in account-based NPP payments

Posted on   |  by Stuart Mason
Australia is on the cusp of a digital revolution that will transform its financial services.  The legacy Bulk Electronic Clearing System, used for electronic debit and credit payment transactions,...

How NSW govt is embracing digital payments

Posted on   |  by Justin Hendry
The New South Wales government is readying plans to complete its transition to Australia’s real-time payments system, with the digital foundations that will enable the shift already in place at...

Govt set to introduce digital wallet regulation

Posted on   |  by Brandon How
Digital wallets and Buy Now Pay Later products are set to be regulated like existing payment systems, with the federal government issuing draft legislation to extend the reach of...