Cryptocurrencies have mainly taken off as speculative assets,but the US fintech giant thinks more Australians will use them for payments.
The retailer is the first to roll out QR code payments across its stores nationally,as customers get comfortable with the technology.
Once our next Treasurer has their feet under the desk,they’ll face tricky questions on everything from Apple Pay,to Afterpay,to cryptocurrencies.
The Australian buy now,pay later market has a new player – but only for the hospitality sector.
One startup,Kademi,had previously relied on OFX to pay its Ukrainian staff but found itself unable to do so last week.
Russia’s invasion of Ukraine is putting the spotlight on an obscure part of the banking system that is now being used as a financial weapon.
Superannuation fund Hostplus,a champion of venture capital investment in emerging technology businesses,is buying into payments start-up Zeller.
The Consumer Financial Protection Bureau said it’s demanding information from the firms because it’s concerned that users are piling up debt and consumers’ personal data could be misused.
The International Monetary Fund says a global approach to cryptocurrencies will be needed to protect consumers,investors and countries.
Liberal senator Andrew Bragg says banks haven’t always dealt fairly with fintech rivals to protect their “fat margins”.
Buy now,pay later users in financial distress could gain protections under changes planned for the nation’s payments network,but the reforms will have to wait.