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 central bank, arguing that “a clear public interest case” for issuing a retail central bank digital currency (CBDC) in Australia...
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 AI governance. Simultaneously, the U.S. Commerce Department is proposing new reporting requirements for advanced AI models, underscoring the mounting emphasis...
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 property owners to capitalize on their property’s value before selling without having to worry about upfront expenses. “The 180-day Pay...
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 paid in as little as 60 seconds, no matter who they bank with, according to a Thursday (Aug. 22) press...
July 16, 2024
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 Table Mountain, any number of unique forms of wildlife and the world’s largest marine ecosystem in the Great Barrier Reef. But one of its most impactful pursuits happens mostly indoors. […]
June 28, 2024
As buy now, pay later (BNPL) options become more common around the world, the Land Down Under is leading the charge by a considerable margin. By the Numbers On Wednesday...
February 07, 2024
As companies increasingly set their sights on international markets, the need for a comprehensive understanding of the principles guiding global expansion is becoming increasingly essential. Juan Franco, senior vice president...
March 21, 2023
As China comes back online and adjoining markets like Hong Kong and nearby Singapore also reawaken from a COVID-induced slumber, that part of the world is hungry for digital innovation...
October 10, 2024
Pay-by-bank provider Banked has acquired Australian payment technology firm Waave. The deal gives Banked a deeper foothold in Australia’s pay-by-bank sector while also establishing a partnership with local retailer Chemist Warehouse, the company said in a news release Thursday (Oct. 10). “Acquiring Waave is a major step forward in our mission to expand our global […]
September 18, 2024
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 central bank, arguing that “a...
September 03, 2024
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 property owners to capitalize on...
August 22, 2024
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 paid in as little as...
