Australia
Australia’s digital wallet market to surpass $130b in 2025
Australia’s digital wallet market to surpass $130b in 2025
Increasing use of QR and NFCC payments are supporting this growth.
2 days ago
Less than half of Aussie firms adopting real-time payments: survey
About 2 in 3 believe that finance tech providers will shoulder the responsibility of assistance.
3 days ago
ANZ to roll out energy ratings option for energy performance evaluation
It will help homeowners identify opportunities for upgrades that will reduce bills.
5 days ago
Australia orders Kalkine to hire consultant for advisory issues
ASIC is concerned that reps may have misrepresented the advice they are giving.
Citi strengthens ANZ team with Jefferies, JP Morgan, Credit Agricole hires
Paul Buys joins from Canaccord Genuity as head of research for Australia and New Zealand.
BofA expands Nicole Waaka’s role as head of GPS Australia Corporate Sales
Waaka will be part of the GPS Asia Pacific Senior Leadership Team.
Citi Services launches PayTo initiator for institutional clients
The bank’s clients can initiate account-to-account payments from the service.
Australia cancels licence of Queensland’s Thistle Financial Group
It has reportedly ceased to carry on a financial services business.
Australia sues Macquarie Securities for alleged misreported short sales
This is the fourth regulatory action ASIC had taken against Macquarie in the past year.
Macquarie Group to handle earnings drop following business sales to Nomura
Businesses in other markets should offset a drop in earnings in some businesses.
Australia's card acquiring market to grow 5.5% in 2025
This marks a slower pace of expansion compared to previous years.
Australia launches new license application portal
It has automatic pre-filling of application details.
Macquarie Bank to make remediation plan for recurring compliance failures
The bank failed to prevent 11 suspicious orders placed on the electricity futures market.
NAB net profit dip 2.5% to A$3.4b in H1 2025
Net operating income rose 1.4%, and net interest income is 0.6% higher.
National Australia Bank’s credit losses to remain low
Its CET1 ratio is expected to rise once it concludes the sale of its stake in MLC Life Insurance.
Chart of the Week: Australia’s credit and charge market to rise in 2025
Benefits and flexible repayment options is driving frequency of use.
Aussie banks launch digital locks versus online fraud
Cybercriminals now use AI and deepfakes to scam people.
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