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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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With global economies improving off the back of strong vaccine results, it’s likely the inexorable rise of the tech sector may have finally run its course, according to one boutique fund manager.

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