Payments

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

Enterprise payments fintech Limepay has raised $21 million in the first phase of its pre-IPO capital raise from current and new high net worth and institutional investors. The raise will bring Limepay’s total funding to nearly $30 million within one year of its initial seed funding completed in December 2019, and will

Nearly one five Australians are interested in using  a microchip in their hands to make payments easier, according to research from global fintech FIS, that examines attitudes to payments across generations and regions. The FIS Generation Pay report found biometric authentication is key to future payments in Australia. The report

The total value of B2B cross-border payments will reach $35 trillion in 2022 from a COVID-related low of $27 trillion in 2020; representing 30% growth. The figures are contained in a new report from Juniper Research. However, the study’s authors say the long-lasting economic impact of the COVID-19 pandemic means

Banking newcomer Volt is leveraging a fraud protection solution from IBM which uses AI and machine learning to analyse behavioural and fraudulent patterns. During today’s Data and AI Forum hosted by IBM, the challenger bank announced it integrated IBM’s Safer Payments solution into its online banking platform 10 weeks ago.  

The number of instant messaging users will reach 4.3 billion in 2020, rising from 3.9 billion in 2019. This is a growth of 9 per cent year-on-year, largely driven by an increased need for remote communication during the COVID-19 crisis, according to A new study from Juniper Research. The new

Data from the Roy Morgan Digital Payments Report shows a sharp increase in use of non-bank contactless mobile payment services compared to a year ago. A total of 10.8 per cent of Australians now use non-bank contactless mobile payment services such as Apple Pay and Google Pay, up from 7.1

The Commonwealth Bank of Australia today announced it will provide customers with itemised digital receipts within its app for certain transactions through a partnership and investment in local fintech Slyp. All of the big four banks now have a stake in Slyp which will continue to operate independently. NAB has

Digital wallet users spent more than $1 billion on a record number of transactions in March as cash and physical contact were minimised in an attempt to stem the spread of COVID-19, according to data from the Commonwealth Bank. CBA’s monthly analysis of transactions from Apple Pay, Google Pay, Samsung

Global contactless transaction values will reach nearly $6 trillion in 2024, up from $2 trillion in 2020, according to new data from Juniper Research.  It found that this increase will be driven by significant growth in OEM Pay and contactless card transaction values, especially in the US. The new research,