- PayDay News
- Archive
- Page -4
Find a post
Carsales revs up $30m in sales with real time Monoova
It has taken a while but there appears to be positive momentum towards real time payments in online car sales to address very real customer pain points like having to carry large amounts of cash, or face annoying delays with traditional bank transfers.
Pyng makes a ripple, but the Waave seems a long way off
Despite all the hype only one Australian Fintech - Pyng - appears to be making small inroads into real time point of sale (POS) retail payments in the Australian market, but it has a very long way to go to challenge the dominant card schemes.
RBA focused on reducing wholesale card fees for SMEs, but blended rates have complicated the issue
The Reserve Bank of Australia (RBA) has told a large industry forum in Sydney that it has “significant and ongoing” concerns about small businesses having to pay much higher fees for card processing than big business.


AUSTRAC expects payments industry to know and report illegal tobacco sellers
AUSTRAC has warned elements of the payments industry currently supplying payments terminals and ATMs to illegal tobacco shops that it expects them to follow the law, know their customers and report illegal transactions.