Australia

NAB and Plenti Team on Pay by Bank for Loan Repayments
NAB and Plenti Team on Pay by Bank for Loan Repayments
July 24, 2024  |  Partnerships

Australian bank NAB has launched a collaboration with FinTech lender Plenti. The partnership, announced Wednesday (July 24), lets Plenti’s customers make faster loan repayments via NAB’s pay-by-bank offering PayTo. “Plenti...

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How the World Does Digital: Two-Thirds of Aussie Consumers Use Mobile Phones to Bank
How the World Does Digital: Two-Thirds of Aussie Consumers Use Mobile Phones to Bank
July 16, 2024  |  Connected Economy

There’s no shortage of images that come to mind when the subject is Australia. Most of them are outdoors, like the vast outback and iconic...

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Australian Banks Refund $19 Million to Low-Income Customers
Australian Banks Refund $19 Million to Low-Income Customers
July 15, 2024  |  Bank Regulation

Banks in Australia are issuing $19 million in refunds to low-income customers. The move follows an investigation by the Australian Securities and Investment Commission, which...

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Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’
Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’
July 08, 2024  |  Bank Regulation

Australian Banking Association (ABA) CEO Anna Bligh said its “time to go back to the drawing board” when it comes to the country’s open banking rules....

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Court Ruling: PayPal Australia Unfair to Small Merchants
Court Ruling: PayPal Australia Unfair to Small Merchants
July 05, 2024  |  Legal

Australia’s federal court has ruled that a term in PayPal’s contract for local small businesses is unfair. The reason, the court ruled Friday (July 5)...

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Australia Leads Global BNPL Charge, Triples US Adoption Rate
Australia Leads Global BNPL Charge, Triples US Adoption Rate
June 28, 2024  |  BNPL

As buy now, pay later (BNPL) options become more common around the world, the Land Down Under is leading the charge by a considerable margin....

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Australian Bank Spots Scams via How Users Hold Their Phones
Australian Bank Spots Scams via How Users Hold Their Phones
June 26, 2024  |  Security & Fraud

Can the angle at which you hold your phone help your bank protect against scams? National Australia Bank seems to think so. Speaking during the...

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Reserve Bank of Australia Favors Surcharging in BNPL Sector
Reserve Bank of Australia Favors Surcharging in BNPL Sector
June 20, 2024  |  BNPL

The Reserve Bank of Australia (RBA) plans to review the issue of surcharging in the buy now, pay later (BNPL) sector. This review comes as...

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Australia’s Mobile Wallet Use Surges 12,000% Amid Cash Shortage
Australia’s Mobile Wallet Use Surges 12,000% Amid Cash Shortage
June 03, 2024  |  Cash

Paper money use is reportedly waning in Australia amid troubles at its top cash supplier. Linfox Armaguard, which moves 90% of cash to the country’s...

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