Reserve Bank of Australia

Reserve Bank of Australia Favors Surcharging in BNPL Sector
Reserve Bank of Australia Favors Surcharging in BNPL Sector
June 20, 2024  |  BNPL

The Reserve Bank of Australia (RBA) plans to review the issue of surcharging in the buy now, pay later (BNPL) sector. This review comes as...

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Australia’s Mobile Wallet Use Surges 12,000% Amid Cash Shortage
Australia’s Mobile Wallet Use Surges 12,000% Amid Cash Shortage
June 03, 2024  |  Cash

Paper money use is reportedly waning in Australia amid troubles at its top cash supplier. Linfox Armaguard, which moves 90% of cash to the country’s...

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Australia’s BNPL Use Surges Among Younger Consumers
Australia’s BNPL Use Surges Among Younger Consumers
November 27, 2023  |  BNPL

Australia’s younger consumers are increasingly embracing buy now, pay later (BNPL), a new survey shows. More than 40% of shoppers between 18 and 39 use the installment...

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Australia Considers Regulation of Digital Payment Services
Australia Considers Regulation of Digital Payment Services
October 11, 2023  |  Digital Payments

The Australian government has announced its plans to introduce new legislation that would empower the Reserve Bank of Australia to regulate digital payment services, including digital wallet...

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CBDCs  Likely ‘Some Years Away’ For Australia
CBDCs Likely ‘Some Years Away’ For Australia
August 23, 2023  |  Cryptocurrency

A central bank digital currency (CBDC) may not be in Australia’s near future. That’s according to a report issued Wednesday (Aug. 23) by the Reserve Bank of Australia and Digital...

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Today in Crypto: China Arrests 93 in $5.6B Crypto Money Laundering Case; Apple Removes Crypto Trading App From Store After Scam Allegations
Today in Crypto: China Arrests 93 in $5.6B Crypto Money Laundering Case; Apple Removes Crypto...
September 26, 2022  |  Cryptocurrency

Australia is set to complete its CBDC project in the middle of 2023, a new presentation said. The project, which started in July this year,...

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US Not Hurried on Digital Dollar as ECB Targets Tech Infrastructure
US Not Hurried on Digital Dollar as ECB Targets Tech Infrastructure
September 26, 2022  |  CBDC

Negotiations on a stablecoin regulatory bill last week indicated that the congressional sense of urgency on a U.S. central bank digital currency (CBDC) isn’t very...

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Australian Banks Debut Quarterly Reliability Reports for Retail Payments 
Australian Banks Debut Quarterly Reliability Reports for Retail Payments 
November 16, 2021  |  International

The Reserve Bank of Australia (RBA) recently unveiled its first quarterly reliability report on banking payment services for households and businesses, part of an effort...

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BNPL Firms in Australia Can’t Block Merchant Surcharges 
BNPL Firms in Australia Can’t Block Merchant Surcharges 
October 22, 2021  |  Regulation

The Reserve Bank of Australia on Friday (Oct. 22) said buy now, pay later (BNPL) companies can’t stop merchants across the country from implementing surcharges...

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