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Eastern Bank (EBL) and Norway-based card manufacturer IDEX Biometrics have partnered to launch a biometric metal card in Bangladesh.
partnership, biometrics, biometric authentication, transactions , contactless payments
The Reserve Bank of Australia has conducted a survey that reveals a sharp increase in Buy Now, Pay Later use among young adults.
BNPL, online payments, report, survey, banks
Australia-based @Pay has entered a collaboration with Pismo to support its operations in the region by leveraging the latter’s cloud-native API-based platform.
partnership, BNPL, online platform, debit card, prepaid card, credit card
The Australian Treasury has released a consultation paper that suggests cryptocurrency exchanges should apply for financial services licences.
cryptocurrency, digital assets, cryptocurrency exchange, regulation
National Australia Bank (NAB) has received a USD 1.4 million fine from the Australian Federal Court for wrongfully charging fees.
banking, banks, regulation, payments , financial institutions
Trading and investing platform eToro has announced that its application for registration under the CySEC Crypto Asset Service Provider (CASP) Register has been approved.
crypto, trading platform, regulation, investment, digital assets
Payment platform Paysafe has strengthened its partnership with retail trading provider Eightcap with the launch of an embedded trading wallet solution.
product launch, embedded finance, trading platform, digital wallet, FX , fintech, paytech, crypto, payments , retail, API
ASIC has taken legal action against eToro, an online investment platform, in the Federal Court, to protect consumers from high-risk CFD products.
regulation, data breaches, digital assets, cryptocurrency, online fraud
Australia has planned to regulate Buy Now, Pay Later (BNPL) services as a consumer credit product, requiring providers to perform background checks prior to lending.
regulation, BNPL, credit, lending, financial services, instalment payments, payment methods, financial data, credit scoring, payments , fintech, financial inclusion, ecommerce, online shopping, transactions , interest rate
The Australian branch of cryptocurrency exchange Binance has suspended PayID deposits for Australian dollar account holders.
cryptocurrency, cryptocurrency exchange, banks, transactions
US-based globally integrated payments company American Express has announced the agreement to acquire Nipendo, to streamline B2B payments processes.
acquisition, B2B payments, ecommerce, online payments
The Australian Securities and Investments Commission (ASIC) has sued American Express alleging credit cards were issued and distributed to customers without ensuring they are understood.
payments , credit card, Issuer, regulation, payment institution, financial sanctions, financial institutions
The Paypers has put together the latest and most relevant news on the FTX crash and its impact on the crypto world as a whole.
cryptocurrency, digital assets, regulation, crypto asset
Australia's Securities and Investments Commission (ASIC), the country’s financial regulator, has pledged to put crypto assets and decentralized finance (DeFi) in its sights over the next four years.
regulation, cryptocurrency, blockchain, DeFi, digital assets, crypto asset
ANZ Bank New Zealand has selected financial technology provider FIS to modernise its core banking capabilities.
online banking, cloud banking, banking, digital banking
The Australian Securities and Investment Commission (ASIC) has taken Australia and New Zealand Banking Group (ANZ Bank) to court for allegedly misleading customers regarding their available funds and balances in their credit card accounts.
regulation, regulatory sandbox, mobile banking, online banking, credit card, refund, ATM, interest rate
The Australian Securities and Investments Commission (ASIC) has denied Australian banks the changes requested to the ePayments code due to further question on biometric technology.
regulation, regulatory sandbox, online payments, online authentication, biometrics, biometric authentication, mobile banking
Revolut has been granted an Australian Credit Licence by ASIC to offer credit and personal lending products to the Australian market.
Revolut, banking license, digital banking, banks, fintech
Bitcoin spot exchange traded funds (ETFs) have been approved by the Australian Securities And Investment Commission.
regulation, cryptocurrency, Bitcoin, Ethereum
Commonwealth Bank of Australia has pleaded guilty to 30 criminal charges for mis-selling consumer credit insurance between 2011 and 2015.
retail banking, fraud management, AML, regulation