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PayPal Muscles In On BNPL, Credit Cards

Jake Nelson June 9, 2021 No Comments

Internet payments giant PayPal is taking on Afterpay and traditional banks with not only a BNPL-style “pay in 4” option, but physical credit cards; this is despite a 29 per…

Afterpay’s Molnar Backs Start-Ups

Computer Daily News May 26, 2021 No Comments

Afterpay co-founder and Australia’s youngest self-made billionaire, Nick Molnar, is pouring an estimated $2.2 billion personal fortune into Australian start-ups. Recipients have included online checkout platform Fast, social media start-up…

Australian Market Galloping, Says Payments House Square

Computer Daily News May 18, 2021 No Comments

Payments technology outfit Square is planning a major hiring spree Down Under, after seeing Australia emerge as its fastest-growing international growth area. Chief financial officer Amrita Ahuja at the weekend…

AfterPay Investor Eyes Glued To Market After Massive Downturn

Computer Daily News May 17, 2021 No Comments

Many investor eyes will be anxiously switched to the ASX this morning as the punters wait to see how one-time favourite, buy-now, pay-later operator AfterPay responds to a recent downturn.…

Tyro To Buy Medipass

Computer Daily News May 11, 2021 No Comments

Tyro Payments has completed a $22.5 million acquisition of digital health payments business Medipass in a bid to further its presence in the burgeoning healthcare sector. Tyro will acquire 100…

Zeller Fires New Salvo As Payments War Heats

Computer Daily News May 5, 2021 No Comments

The former executive behind fintech Square’s Australian operations has launched his own contender for dominance of the space. CEO and co-founder Ben Pfisterer helped launch Square’s operations in Australia and…

Zip Soars On Record BNPL Q3 Revenue Growth

Computer Daily News April 14, 2021 No Comments

Shares in Australian buy-now-pay-later (BNPL) company Zip have soared more than 11pc, buoyed by the company’s record revenue, transaction volumes and customer growth in the third quarter. Adding to the…

AfterPay Shares Leap Another 10%

Computer Daily News April 7, 2021 No Comments

Shares in buy-now, pay-later leader Afterpay closed at $116.04, up a hefty 10.5 percent on the ASX. The shares also fared well on the US Nasdaq index, up US$1.69 to…

Payment Platforms Seek Merger

Computer Daily News March 25, 2021 No Comments

Australia’s three major payment organisations – BPay, Eftpos and the New Payments Platform Australia – are asking the Competition and Consumer Commission’s permission to merge operations. The shareholders, mainly banks,…

ACCC Puts Foot Down On Visa Debit Rates

Jake Nelson March 10, 2021 No Comments

The ACCC has slapped credit and debit card giant Visa with a court-enforceable undertaking to stop it from offering cheaper rates to merchants for processing transactions through its own network.…