Australia Fintech Payments

Australia’s Central Bank Calls For Switch From Visa, Mastercard To Cheaper EFTPOS (PYMNTS.com)

Australian regulators are considering whether it is necessary to stop banks from automatically routing “tap and go” card payments through Visa and Mastercard, when retailers could be using EFTPOS, which is a local payment network that is cheaper, according to a report by Reuters. Visa and Mastercard, as well as the four major banks, control all of […]

Australia Fintech Open Banking

Tech: Identitii takes its tech for a test drive with Standard Chartered Bank (Sam Jacobs, stockhead.com.au)

Fintech platform Identitii (ASX:ID8) is now collaborating with $22.7 billion market cap Standard Chartered Bank. The two companies will commence an eight-week pilot run for Identitii’s Overlay+ data sharing platform at Standard Chartered’s Singapore office. The project will also be embedded within the Symphony platform, a communications network backed by a consortium of major global banks (including […]