DayTek Capital receives Australian banking licence

Tuesday 4 August 2020 11:14 CET | News

Australia-based neobank DayTek Capital has been awarded an Australian Financial Services Licence (AFSL) by the Australian Securities and Investments Commission

DayTek Capital’s licence will enable it to begin offering its prepaid ‘Infinity’ card to its customers. The fintech is already working toward securing its Restricted Authorised Deposit Taking Institution Licence (RADI), which will see all deposits protected up to USD 250.000 under the Australian Financial Compensation Scheme.

DayTek Capital is supported by the Australian Federal government and other Queensland State bodies.

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Keywords: Australia, challenger bank, banks, DayTek Capital, banking, banking licence, neobank, Australian Financial Services Licence, AFSL, Australian Securities, Investments Commission, Infinity, cards, fintech, Restricted Authorised Deposit Taking Institution Licence, RADI, Australian Financial Compensation Scheme, Australian Federal, Qeensland State
Categories: Banking & Fintech
Countries: Australia
This article is part of category

Banking & Fintech