Australia

Finance & Economics

Goodman Group Shines Among Australian Property Companies

Goodman Group’s shares have been on an upward trajectory over the current year, performing better than other similar companies in the Australian real estate area, as the so-called artificial intelligence boom has triggered a high-intensity increase in demand for data centers.

Fintech & Ecommerce

Visa Analysis Reveals Online Holiday Shopping Growth

Online retail shopping during the holiday season increased by 7.1%, according to Visa observations, though the majority of purchases still take place in brick-and-mortar stores.

News

Australia Develops Plan to Boost AI Investment

In Australia, the Department of Industry, Science and Resources is starting work on a National AI Capability Plan.

Blockchain & Crypto

Australian Fintech Faces Contraction, Blockchain Hit Hardest

Despite global interest in cryptocurrency, Australia has seen the closure of several blockchain and crypto startups, amid the overall decline of fintech innovation in the country.

Fintech & Ecommerce

Deutsche Bank Brings Merchant Solutions to APAC

Deutsche Bank Merchant Solutions capabilities are officially available in Australia, India, Indonesia and South Korea. They provide the bank’s clients with a global payment acceptance platform with a diverse range of local payment methods.

News

Australia Passes Social Media Ban for Children Under 16

Australia on Thursday, November 28, passed a law banning social media for children under the age of 16 after an active and high-profile public resonance, which has become one of the most discussed topics in the country.

News

Zeller Unveils Terminal 2 Integrated Payments & POS Solution

Australian fintech Zeller introduced an all-in-one payments and point-of-sale (POS) solution for businesses called Terminal 2, setting a new benchmark in retail technology.

News

Samsara Eco Raises $65M Funding Round to Expand Its Plastic-Eating Enzymes

Samsara Eco proprietary technology uses enzymes to disaggregate plastic waste into raw materials, which can eventually be transformed into the foundation for new products.

News

Meta Considers News Blocking From Facebook in Australia

Meta is currently considering blocking news content on its Facebook digital platform in Australia.

Science & Technology

PsiQuantum to Build First Commercial Quantum Computer

PsiQuantum aims to build a utility-scale fault-tolerant quantum computer capable of error correction in Brisbane, Australia.

News

Westpac Announces Tech Upgrade

Australian bank Westpac has announced its intention to invest billions of dollars in simplifying its technology infrastructure over the next four years.

News

Australians Increasingly Use Crypto for Retirement Funds

A recent report shows a 400% growth of crypto assets share in “self-managed super funds” used by Australians as a means to secure their retirement life.

Science & Technology

Paramount+ Launches Premium Internationally

The active emergence of new consumer coverage formats currently observed in the sphere of streaming, aimed at creating the most favorable conditions for interaction with virtual platforms for representatives of various groups from the point of view of financial well-being, prompted Paramount + to launch its premium tier on an international scale.

News

Australia Watchdog Fines X

The Australian watchdog for Internet security has fined the social network X, which has been owned by billionaire Elon Musk since October last year.

News

Mastercard Reports on Wrapped CBDC Solution Success

Mastercard has participated in the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre’s (DFCRC) central bank digital currency (CBDC) pilot project, showing positive results.

Fintech & Ecommerce

Australia Plans to Regulate Digital Payment Services

The Australian government has officially announced plans to introduce new legislation that will give the Reserve Bank of Australia the authority to carry out activities to regulate digital payment services, including providers of virtual wallets.