BNPL

Platform Economy in Australia, primarily in Melbourne and Sydney

Australia proposes new laws to regulate crypto and BNPL sector

Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 ...

Klarna

Klarna launches ‘Pay Now’ service in US

Klarna has said it has launched its “Pay Now” service in the US to allow customers to pay immediately and in full at any online retailer where the Swedish financial tec...

Affirm: BNPL

Affirm revenue beats estimates as BNPL volumes, users jump

Affirm Holdings Inc reported quarterly revenue above Wall Street estimates, boosted by growth in active consumers, merchants and volumes of goods sold through its buy now, pay late...

Commonwealth Bank: Australia

Australia’s CBA partners with Silicon Valley AI firm H2O.ai

Commonwealth Bank of Australia said it acquired a minority stake in a Silicon Valley-based artificial intelligence firm, H2O.ai Inc, in a bid to provide smarter and personalised pr...

Jack Dorsey

Square quarterly profit jumps on bitcoin boost

Square reported a nearly 60% rise in third-quarter gross profit on Thursday, fuelled by a jump in bitcoin transactions on its peer-to-peer payment service Cash App.

Commonwealth Bank: Australia

Australia’s CBA breaks ranks to offer cryptocurrency trading

Commonwealth Bank of Australia will become the country’s first to offer retail clients crypto services, Australia’s largest bank has said, marking a change from the sec...

FinTech player, PayPal

Sources: PayPal in $45 billion bid for Pinterest

PayPal has offered to buy Pinterest for some $45 billion, people familiar with the matter have suggested, a combination that could herald more financial technology and social media...

Westpac

Westpac to launch zero-interest digital card with young consumers in focus

Westpac Banking Corp said on Wednesday it would launch a digital credit card this year that would offer zero interest and be aimed primarily at young customers who are seeking the ...

Platform News: Japan's SoftBank

UK FinTech Zopa hits $1 billion valuation with SoftBank investment

British digital bank Zopa has raised $300 million from investors including SoftBank Group, it has said, as the lender looks to expand its business ahead of a possible listing as so...

Afterpay

The $29 billion deal in 11 weeks: how Square bought Afterpay

Jack Dorsey introduced the world to expressing itself in just 140 characters as the creator of Twitter Inc, and his payments company, Square Inc, also likes getting straight to the...

Jack Dorsey

Jack Dorsey leads $29 billion buyout of lending pioneer Afterpay

Square Inc, the payments firm of Twitter co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd for $29 billion, creating a global transactions giant ...

Afterpay

Australia’s Afterpay to launch banking app in October

Afterpay Ltd will launch its banking app in October to widen its offerings beyond buy now, pay later (BNPL) services for its 3.5 million-plus Australian users as competition intens...

PayPal

PayPal Australia takes on Afterpay with no-late fee ‘buy now, pay later’ offer

PayPal’s new “buy now, pay later” offering in Australia will not charge late payment fees, the US payments giant has said, as it attempts to edge past main indust...