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Payments

An Aussie fintech has announced the appointment of a former executive of global payments giant Venmo as its new CFO.

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Promoted by TSA Group

The traditional debt collection model needs a makeover. The big opportunity facing lenders is to bring customer centricity into the way they collect, and build a model that reflects the experiences consumer are having in 2021, in other parts of their lives.

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The bank announced the acquisition as part of its half-year results announcement on Monday, and says the purchase will accelerate its digital strategy.

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Twitter founder Jack Dorsey’s payments platform will acquire Australia’s original buy now, pay later success story for almost $40 billion.

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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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