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Payments

International money transfer platform CurrencyFair and Aussie fintech Assembly Payments are set to join forces, with the backing of British multinational bank Standard Chartered.

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Consumer awareness of buy now, pay later services, including AfterPay and Zip, continues to grow as Aussies look for alternative ways to make purchases.

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The recently declared entrances of CBA and PayPal into the buy now, pay later space could shake up the market and regulatory landscape for existing providers, observers have said.

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CBA’s new buy now, pay later (BNPL) product might not be a gold-plated money maker – but it is a sign of things to come.

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Frerk-Malte Feller, former executive for eBay, PayPal and Afterpay has become chief executive of payments technology provider Linkly.

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