An overwhelming majority (84 per cent) of finance executives say holding Bitcoin poses a financial risk due to its volatility. A smaller number (five per cent) expect to hold some Bitcoin this year and that number rises to nine per cent when looking ahead to 2024. All up, 16 per
PayPal today announced the launch of PayPal Pay in 4 in Australia as it seeks to claw back market share from local sector leaders like Afterpay and Zip. The company says it will provide an interest-free buy now, pay later solution to consumers at no additional cost to PayPal business
The share of Australian consumers using buy now pay later (BNPL) at online checkouts will more than double by 2024, according to forecasts from global payments provider FIS. It means potentially millions more Australians are expected to take up the payment method which welfare groups have warned harms consumers and
A world-first code of practice for the burgeoning Buy Now Pay Later industry came into effect in Australia today, aiming to strengthen best practice for a sector under growing scrutiny. Drafted by the Australian Finance Industry Association and its members like Afterpay, Zip, Klarna and Humm, the code sets out
Customer data platform Lexer revealed last week that it has raised $A33.5 million in Series B funding, bringing its total funding to $A43 million. The round was led by Blackbird Ventures and King River Capital, with Series A investor January Capital also participating. Blackbird’s Rick Baker will join the Lexer board.
86 400, the digital only bank NAB is set to buy, will use behavioural biometrics data to try and distinguish if someone other than the customer is accessing or creating an account. Behavioural biometrics is a way of monitoring digital behaviour rather than verifying a person’s physical biometrics like fingerprints.
Payments infrastructure provider Stripe today announced a partnership with buy now pay later (BNPL) giant Afterpay to bring its deferred payments option to more retailers, starting with users of Squarespace. The deal means merchants using Stripe’s online payments system will be able to more easily add Afterpay as a checkout
Australians care a great deal about what companies do with their data, according to new research that reveals consumer trust is built on service reliability, strong security, and good data handling practices. More cautious online than ever online, nearly one in seven Australians now say they do not trust any
Woolworths today announced a $50 million Future of Work Fund to train 60,000 staff over three years in digital, data analytics, machine learning and robotics in preparation for a wave of disruption across the supermarket sector. The supermarket giant — Australia’s largest private employer — says the training and an
Jeff Bezos has announced he will stand down as chief executive of Amazon in the third quarter of 2021. The founder of the online retail behemoth will hand the reins to Andy Jassy, who currently leads Amazon’s cloud computing wing. The announcement comes after an enormously successful 2020 for Amazon