The use of mobile devices to make retail and store payments will act as a driver for financial inclusion of the unbanked in emerging markets, according to a new study from Juniper Research. The research forecasts that mobile merchant transactions by unbanked individuals will grow from 1.8 billion per annum
Amazon announced today that its second fulfilment centre, located in Moorebank, South West Sydney has opened its doors. The new centre was built to continue growing product selection and will be an important part of the company’s Australian fulfilment network providing faster shipping to even more customers, according to Amazon.
Aspiring digital bank Xinja has selected SAP Cloud for Banking to power its mobile banking application and aid its ambition to become one of Australia’s first independent start-up neobanks. The Australian fintech is building a bank designed entirely for mobile and recently applied for a restricted banking licence from the
Known for its uber-fast ecommerce deliveries in the US, Amazon has set a new speed test for its competitors launching 30 minute grocery pick-up from Whole Foods. The service is only available in selected Whole Foods stores in Sacramento and Virginia Beach, but will roll out to more cities in
CommBank subsidiary Bankwest has tapped LivePerson to build a new conversational banking experience that enables bank customers to message the bank for service over the bank’s website and app. The experience works just like popular consumer messaging services, providing a hassle-free way for customers to get service from the bank.
The World Bank has selected the Commonwealth Bank of Australia to issue a bond using blockchain technology. CommBank will be the sole arranger of the Kangaroo Bond, the first bond globally to be created, allocated, transferred and managed using blockchain technology. Termed “bond-i” (Blockchain Offered New Debt Instrument) the bond
It turns out Aussie consumers have a problem with commitment… or at least a greater tendency than their peers overseas to abandon virtual shopping carts. Almost sixty per cent (57) are discarding their carts sometimes or all the time, particularly in the product categories of fashion (67 per cent) and
Commonwealth Bank in the leader in Australian mobile banking, cementing its top ranking for the second year in a row in a study by Forrester Research, which evaluated the mobile apps of Australia’s big four banks. Forrester’s report found CommBank leads the pack saying the bank blended “…extensive functionality with
Amazon’s Australian ecosystem is continuing to grow, recording an increase in marketplace sellers and sales since the company blocked Australians from shopping on its international sites. According to analysis from Marketplace Pulse, there were 20,000 third party sellers on Amazon.com.au on August 2, double the number of sellers on the
Chinese internet giant Alibaba is partnering with Starbucks to deliver coffee in China as part of a pilot program launching in September. The trial is part of a wider strategic deal between the two global companies and will involve businesses across Alibaba’s ecosystem including delivery service Ele.me, supermarket Hema, payment