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
Commonwealth Bank executive Angela Clark has been appointed CEO of Beem It, a digital wallet jointly owned by NAB, Westpac and CBA. Clark was part of an executive team made up of staff CBA, Westpac and NAB that spearheaded the founding of the payments business which was establish in February.
Commonwealth Bank has upgraded its online data-driven tools that provide businesses with practical insights to enhance their performance and productivity. Daily IQ 3.0 provides small and medium enterprises (SMEs) and institutional businesses with personalised insights into their cash flow, their performance against the industry, as well as the purchasing behaviours
The World Bank has raised A$110 million to launch the world’s first bond created and managed via blockchain. CommBank is the sole arranger of Bond-i (Blockchain Offered New Debt Instrument), a bond created, allocated, transferred and managed through its life cycle using distributed ledger, on behalf of its client the
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
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
17 tonnes of almonds grown in regional Victoria have been transported to Hamburg, Germany as part of a blockchain trial between Commonwealth Bank and five Australian and international supply chain companies. The process used the distributed ledger technology, smart contracts and the internet of things (IoT) to track the shipment
The Comminwealth Bank has decided to block attempts to purchase any virtual currency with its credit cards. “Virtual and crypto-currencies such as Bitcoin have yet to meet a minimum standard of regulation, reliability, and reputation,” the bank said. The ban came into effect yesterday and extends to both CommBank and
CommBank is introducing a new chatbot to its online banking service which will be able to assist customers with more than 200 banking tasks. Called Ceba, the bot uses AI to recognise approximately 60,000 different ways customers ask for help with tasks such as activating their card, checking account balance,
Nine out of 10 Australian retailers are planning to maintain or increase the number of bricks and mortar stores in the year ahead, according to research from CommBank. New data analysis from the latest Commonwealth Bank Retail Insights Report also found consumers still like shopping in-store more than online shopping.