Regional

As Digital Momentum Grows, CBA Remains Wedded to the Branch 

Commonwealth Bank of Australia has re-affirmed its commitment to its 1000-strong branch network and call centre operations, despite figures showing almost 60% of all transactions at the bank are now conducted digitally,While more than 6.

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Contactless Payments Become Top Choice for UK Adults

Research from comparison website GoCompare Money has shown that contactless payments have become the top choice for UK adults, with more than 75 using this method of payment in the past year.

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CBA Backs NPP Open Access Regime, Belts Interchange Fee Ban

Commonwealth Bank of Australia chief executive Matt Comyn has welcomed a push to create a new open access regime for the New Payments Platform (NPP), but vigorously slapped down a bid to kill interchange fees on electronic payment cards.

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Credit Card Interchange: Australian Regulators Gone Wild?

From the market which brought cost accounting to credit card interchange, comes a credit card killer: do not reduce interchange, eliminate it. Here is the final report.

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Why American Credit Card Companies Can’t Break Into China

Visa, Mastercard and American Express have been campaigning to enter China for years. After more than a decade of trying, they may have missed their chance. Beijing has repeatedly signaled it will open up foreign access to its credit card market, and in 2017 it opened the door for American card companies to apply for […]

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Australia – Future Home of First Crypto Bank

Fred Schebesta, a known entrepreneur and a CEO of Finder.com has just announced the intention to open a first crypto bank, which is to be located in Australia.

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China Fines Alipay for Violating Payment Services Regulations

The Shanghai head office of China’s central bank has levied a fine of 4.12 million yuan (601,846) on Alipay, the online payment platform of Ant Financial, for violating regulations on payment services, the regulator said on Monday.

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Strip Banks, Credit Cards of Digital Payment Powers, Says Productivity Commission Report

Australia’s biggest banks and global payments schemes must have self-regulatory powers covering digital payments and infrastructure access forcibly removed to dismantle a harmful oligopoly. That’s the radical call from the Productivity Commission’s inquiry report into Competition in the Australian Financial System.

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Satisfaction With New Zealand Banks Improves

New results from Roy Morgan show that customer satisfaction with banks in New Zealand in the 12 months to June 2018 was 79.2%, an increase from 76.8% in the 12 months to June 2017. The increase was a result of seven of the nine largest banks showing improved satisfaction, with Westpac the biggest improver up […]

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Could Europe Become a Fintech Hub?

A number of technologies and new regulations are poised to disrupt the incumbent financial system. So much so that the emerging field of financial technologies has earned itself the fintech’ portmanteau.

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Bitcoin Most Spent Cryptocurrency in Australia’s Crypto-friendly Airport

Bitcoin Cash (BCH), the world’s functional cryptocurrency, is found to be the most spent cryptocurrency at the Brisbane International Airport, the world’s first airport to accept payments in cryptocurrency.

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Australian Government Invests in Crypto Startup for ‘Bitcoin Boost’ for Tourism

The government of Queensland, Australia’s second largest and third-most populous state, is backing a local crypto payments startup that officials believe will help boost tourism in the state. In an announcement on its official website on Wednesday, the Queensland government revealed details of an AUD8.

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