Sector: Payments

Productivity Commission to push for “open banking”

(10 January 2018 – Australia) The Productivity Commission will use its upcoming review of competition in the financial sector to...

Competition, FinTech, Payments, Regulatory & Government, Technology

Uncategorized

Australia

Europe’s banks prepped for PSD2 rollout

(10 January 2018 – Europe) Many European banks have opened access to third parties including retailers, technology groups and rival...

Competition, Market share, Payments, Regulatory & Government, Technology

Uncategorized

Europe

Biometric authentication favoured by Asia’s Top 1000

(10 January 2018 – Singapore) Biometric and pattern-based authentication are rapidly gaining acceptance among Asian corporates amid rising concern over...

Payments, Press Release, Research

Uncategorized

Asia

Italian bank launches real-time cross-border payment solution

(8 January 2018 – Italy) Italian bank UniCredit has launched its real-time, cross-border payments solution aligned with the European Union’s...

Foreign Exchange, New Products, Payments, Technology

Uncategorized

Europe, Germany, Italy

Cross-border payment startup raises more capital

(15 December 2017 – Australia) Australian-based cross-border payments fintech firm AirWallex, has raised an additional A$8 million from venture capitalists...

Expansion, FinTech, Foreign Exchange, Investment, Payments, Technology

Uncategorized

Australia

Challenger bank introduces business bank accounts in Germany

(14 December 2017 – Germany) German challenger bank Penta has officially launched a new digital bank account for startups and...

Competition, Expansion, FinTech, Market share, New Products, Payments, Transaction Banking

Uncategorized

Germany

Union Pay launches unified app for 30 Chinese bank

(14 December 2017 – China) China UnionPay has partnered with more than 30 commercial banks and payment institutions to launch...

New Products, Payments, Technology

Uncategorized

Asia, China

CBA, MasterCard partner to launch hardware-less payments app for small businesses

(13 December 2017 – Australia) Commonwealth Bank of Australia (CBA) will bring a new mobile payments technology to its domestic...

Competition, FinTech, Market share, Merchant Acquiring, New Products, Payments, Technology

Uncategorized

Australia

ASBFEO calls for lower “tap-and-go” transaction fees

(13 December 2017 – Australia) The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has supported a parliamentary committee recommendation...