Payments

Sydney data start-up Slyp has raised $2 million in a seed funding round led by NAB Ventures, with the big four bank looking to roll out the solution with its own customers.

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Israeli payment app PayK has arrived on Australian shores, having opened its international headquarters in Melbourne.

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The amount of non-cash payments made in Australia went up by over 11 per cent, making it number three globally in terms of the highest volume of total non-cash transactions per inhabitant, according to Capgemini’s latest World Payments Report.

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Nasdaq-listed Northern Trust has become a member of Australia’s high-value clearing system and will now process and settle its own high-value payment obligations on a real-time gross settlement basis via the Reserve Bank Information and Transfer System.

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Fintech Frollo has bought Brisbane-based Hip Money, a start-up aimed at using artificial intelligence to help consumers save more and eliminate debt.

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