Australia

BNPL Firm Zip Exiting Most Markets and Selling Assets as Stock Plummets
BNPL Firm Zip Exiting Most Markets and Selling Assets as Stock Plummets
March 01, 2023  |  Buy Now Pay Later

Exactly one year ago buy now, pay later (BNPL) firm Zip entered a definitive agreement to acquire rival Sezzle. Fast-forward to Wednesday (March 1), and...

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Australia Led BNPL Innovation, Now Seeks to Regulate It
Australia Led BNPL Innovation, Now Seeks to Regulate It
March 01, 2023  |  Payment Methods

Though better known for its wild wildlife and wide-open spaces, Australia is forging a different frontier — reimagining the framework supporting and regulating payment plan...

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DataMesh Raises $30M to Grow ‘All-in-One’ Payments-Processing System
DataMesh Raises $30M to Grow ‘All-in-One’ Payments-Processing System
February 21, 2023  |  Payments Innovation

DataMesh Group has raised $30 million in a Series A funding round to expand globally. The Australian firm also plans to pursue large-scale domestic opportunities...

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PayPal Backs Australia’s BNPL Regulation Plans
PayPal Backs Australia’s BNPL Regulation Plans
February 16, 2023  |  BNPL

PayPal has lent its support to Australia’s planned buy now, pay later (BNPL) regulations. In a letter released Thursday (Feb. 16) as part of a government inquiry into...

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India’s UPI Paves Path for Global, Interoperable Real-Time Remittance Network
India’s UPI Paves Path for Global, Interoperable Real-Time Remittance Network
January 11, 2023  |  Cross-border Payments

India is paving the path to payments interoperability — not just across providers, but across borders. For payments to become truly ubiquitous — especially real-time...

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New Map Shows Real-Time Payments Progress in 2023
New Map Shows Real-Time Payments Progress in 2023
January 04, 2023  |  Faster Payments

Real-time payments are becoming table stakes worldwide, driven by intense demand from businesses and individuals. Surveys have found that the availability of fast payments was...

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Australia’s Westpac Banking and Tyro Payments End Acquisition Talks
Australia’s Westpac Banking and Tyro Payments End Acquisition Talks
December 14, 2022  |  Acquisitions

Westpac Banking has scuttled its consideration of an acquisition of Tyro Payments. The two firms said Monday (Dec. 12) in separate press releases that they...

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Aggregators’ Global Growth Compromised by Rising Inflation and Competition
Aggregators’ Global Growth Compromised by Rising Inflation and Competition
November 28, 2022  |  Aggregators

Food delivery services around the world are pulling out of regions and cutting staff. These moves come as global inflation and increased competition make the...

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ASIC: Block Earner Ran Unlicensed Crypto Investments
ASIC: Block Earner Ran Unlicensed Crypto Investments
November 23, 2022  |  Cryptocurrency

The Australian Securities and Investments Commission (ASIC) has sued the FinTech company Block Earner for allegedly offering cryptocurrency investments without a license. “Block Earner offered...

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