Ecommerce

Volt Bank has today become the first of Australia’s neobanks to be granted its authorised deposit-taking institution (ADI) licence from APRA. It’s the first retail challenger bank to receive an ADI licence since the early 2000s and comes eight months after Volt was granted its restricted banking licence, a pathway

Ecommerce platform Magento has announced the availability of its Progressive Web Applications (PWA) Studio, a suite of tools for building online stores with app-like experiences. PWAs are apps which are accessible via browsers but offer more functionality than sites which have been optimised for mobile. Sign up for Which-50’s Irregular

Australia Post

Australia’s posties were busy right up until Christmas Eve this year, delivering more than 40 million parcels during December. The stats, released today, show Australians’ appetite for online shopping is growing, making December the biggest month in Australia Post’s history for parcel deliveries. Sign up for Which-50’s Irregular Insights newsletter

Black Friday sales helped lift Australian retail spending in November, as online retail continues to gradually take a larger share of overall spending. In November 2018 online sales made up 6.6 per cent of total retail sales, according to figures from the Australian Bureau of Statistics (ABS) released on Friday.

retail store bricks and mortar fashion clothing

Bricks-and-mortar retail stores are under intense pressure from online competition. Feeling the most heat are clothes shops and department stores. Sign up for Which-50’s Irregular Insights newsletter This year David Jones’s profit halved, to $64 million. Myer declared a “disappointing” $486 million loss. German giant Esprit, whose global sales have

Australia Post is taking full ownership of ecommerce delivery platform Aramex Global Solutions (AGS) to boost its international ecommerce capabilities.   AGS provides end-to-end cross-border logistics solutions to a portfolio of global ecommerce merchants. It was established as a joint venture between the AusPost and Dubai-based logistics company Aramex two

transfer, money, payments, financial services

Retailers are set to lose some $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023, according to a study by Juniper Research. the study highlighted that increasingly complex approaches by fraudsters, alongside retailers’ intertia in adapting to new fraud prevention requirements, would be key factors behind the increases

Australia’s Customer Data Right (CDR) legislation is expected to pass in the first quarter of 2019 and from July 1 the big four banks will be required to publicly share product data about credit and debit cards, deposit accounts and transaction accounts. However the banks now have until February 2020

Global accelerator program Startupbootcamp is launching a new fintech accelerator backed by NAB, Bupa, YBF, Deloitte, AWS, Cisco and Capgemini. Based in Melbourne, the new accelerator will focus on financial health and wellbeing. Along with industry partners, selected startups will be looking at the intersection between open banking, consumer data

Commonwealth Bank today launched Alipay on its Albert terminals, meaning 94,000 Australians businesses with point of sale device will be able to accept the popular Chinese payment method. Today’s announcement builds on the MOU signed by CommBank and Alipay back in November 2016, and adds significant scale to Alipay’s existing