Australia

Australia Finds No ‘Clear Public Interest’ for Retail CBDC
Australia Finds No ‘Clear Public Interest’ for Retail CBDC
September 18, 2024  |  CBDC

If Australia creates a digital currency, it will likely be the wholesale, not retail, variety. That’s according to a report issued Wednesday (Sept. 18) by the country’s...

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Australia and US Propose Oversight as Industry Urges California AI Bill Signing
Australia and US Propose Oversight as Industry Urges California AI Bill Signing
September 11, 2024  |  Artificial Intelligence

Artificial intelligence experts are advocating for safety legislation in California, while Australia is introducing a national AI regulation plan, marking a worldwide trend toward increased...

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Elepay Debuts 180-Day Pay-Later Offering for Property Owners
Elepay Debuts 180-Day Pay-Later Offering for Property Owners
September 03, 2024  |  Loans

Australian lender Elepay has introduced its latest pay-later solution for property owners. The Brisbane-based company’s 180-day offering, announced in a news release Tuesday (Sept. 3), is designed to allow...

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BNY and CBA Launch Cross-Border Payments Partnership
BNY and CBA Launch Cross-Border Payments Partnership
August 22, 2024  |  Cross-border Payments

BNY and Commonwealth Bank of Australia (CBA) launched a cross-border payments partnership. The collaboration lets businesses and individuals who receive international payments from BNY customers get...

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Stan Chooses Stripe to Power Online Payments and Subscription Billing
Stan Chooses Stripe to Power Online Payments and Subscription Billing
August 21, 2024  |  Payment Methods

Australian streaming service Stan has chosen financial infrastructure platform Stripe to power its online payments and subscription billing. Stan has partnered with Stripe to help...

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NAB and Plenti Team on Pay by Bank for Loan Repayments
NAB and Plenti Team on Pay by Bank for Loan Repayments
July 24, 2024  |  Partnerships

Australian bank NAB has launched a collaboration with FinTech lender Plenti. The partnership, announced Wednesday (July 24), lets Plenti’s customers make faster loan repayments via NAB’s pay-by-bank offering PayTo. “Plenti...

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How the World Does Digital: Two-Thirds of Aussie Consumers Use Mobile Phones to Bank
How the World Does Digital: Two-Thirds of Aussie Consumers Use Mobile Phones to Bank
July 16, 2024  |  Connected Economy

There’s no shortage of images that come to mind when the subject is Australia. Most of them are outdoors, like the vast outback and iconic...

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Australian Banks Refund $19 Million to Low-Income Customers
Australian Banks Refund $19 Million to Low-Income Customers
July 15, 2024  |  Bank Regulation

Banks in Australia are issuing $19 million in refunds to low-income customers. The move follows an investigation by the Australian Securities and Investment Commission, which...

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Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’
Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’
July 08, 2024  |  Bank Regulation

Australian Banking Association (ABA) CEO Anna Bligh said its “time to go back to the drawing board” when it comes to the country’s open banking rules....

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