Payments

A leading European fintech firm for global transaction services has opened its first Australian office to capture and service the growing demands of SMEs.

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Payments using mobile phones and digital wallets are rapidly displacing traditional methods in the Asia-Pacific e-commerce market, according to GlobalData.

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Bankers around the world are particularly concerned about the threat that new market entrants in the payments space will bring to the banking landscape, according to Temenos.

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APEC Business Advisory Council member Robert Milliner has been appointed as the new chairman of the Australian Payments Council.

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The Reserve Bank of Australia has indicated it will be paying much closer attention to the systemic risks within the retail payments sector.

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