This Month
Buy now, pay later surges as Dorsey realises Cash App vision
Block’s BNPL volumes are rising as Afterpay is rolled into Cash App, which has 24 million active users in the US. The stock jumped more than 10pc on Friday.
- James Eyers
- Exclusive
- Start-ups
Airwallex’s local outpost reverses to loss
The local outpost of one of Australia’s largest technology start-ups tripped to a deep loss after a big increase in costs.
- Updated
- Lucas Baird
April
Macquarie, ANZ and Canva CEOs help power Australia’s India push
Governments hope to prevent another false dawn in bilateral trade and investment by getting business to work on policy.
- James Eyers
Payment provider Findi lands licence for branded ATMs in India
Findi is backed by Wilson Asset Management and the Flannery family. The company expects to rebrand about 4000 ATMs which it already operates for the State Bank of India.
- Primrose Riordan
Chalmers reassures on cash supplies after Armaguard meeting
The government wants Armaguard, together with the banks and major retailers, to deal with the challenging economics of the cash distribution industry.
- Tom McIlroy and James Eyers
Inside the battle for Armaguard and the future of cash
The high-stakes negotiations over the financial future for the cash transit monopoly reached a crescendo over Easter, and became clearer this week.
- James Eyers
March
How this Sydney family turned tech tinkering into a $100m fortune
Self-taught software engineer Dan Houden spent six years working on a product that would catapult Task Group to a $310 million sale.
- Tess Bennett
Westpac and NAB back CBA, call for more scrutiny of Apple in payments
Authorities in the US allege the tech giant has locked the iPhone to build a monopoly. In Australia, banks say its digital wallet prevents competition.
- Jonathan Shapiro and James Eyers
- Exclusive
- Banking Summit
Last-minute lifeline to keep cash afloat
A short-term financial injection in the tens of millions of dollars has been offered to help Armaguard, the Lindsay Fox-owned cash transport firm, survive.
- James Eyers
CBA backs UK start-up improving screening for financial crime
Global Screening Services now counts CBA as a shareholder. It’s building standards for banks to check cross-border payments against sanctions lists.
- James Eyers
Comyn lashes low scrutiny of tech giants’ ‘economic miracle’ returns
Commonwealth Bank boss Matt Comyn says local companies are being subjected to significantly more scrutiny than Apple, Meta and Google despite their big margins.
- Updated
- James Eyers
Till was paying senior managers as ‘contractors’ before fire sale
The once-promising start-up paid its founder and several of its executives “consulting fees” for years, accounts lodged with the corporate regulator show.
- Lucas Baird and Jessica Sier
February
What this small fintech deal says about the big shifts in data sharing
Few have heard of Fat Zebra and Adatree. But the acquisition points to emerging data rights, as screen scraping teeters and Apple enters open banking in the UK.
- James Eyers
January
Cashing in: Macquarie-backed Next Payments to consider exit options
Sources said the company was yet to appoint an investment bank but kicked off discussions with a handful late last year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Most cash is being hoarded, and lots used for crime, says RBA
As the RBA and lenders respond to crisis in cash distribution, new analysis shows up to 80pc of cash is being hoarded, while up to 11pc is in criminal hands.
- James Eyers
Zip shares jump on path to profitability
Zip shares opened 15 per cent higher on Monday morning, in a sector still weighted down by negative sentiment.
- James Eyers
NAB-backed start-up DataMesh in cash call
Payments tech start-up DataMesh counts National Australia Bank’s venture capital arm among its backers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Start-ups
Airwallex prepares for IPO ‘in the next two years’
Its founder says start-ups have the right to push boundaries, as he responds to leaked documents that raise questions about the group’s compliance record.
- Lucas Baird and Jonathan Shapiro
Banks query Armaguard’s links with Linfox before agreeing to bailout
Among last-ditch options under consideration, is forming a consortium alongside large retailers to buy out the operations of the cash transit group.
- Updated
- James Eyers
- Investigation
- Hong Kong
Airwallex sought way around Hong Kong anti-money laundering rules
The chief executive of the payments giant, backed by Tencent, asked staff if it was possible to “remove” a requirement of customer vetting, messages show.
- Updated
- Lucas Baird and Jonathan Shapiro