2017 has truly been a year of flux in the Australian banking sector, with plenty of upheaval and a heap of changes and new products that have altered the way we bank now, and will bank in the future.
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You know what they say, “new year, new financially-savvy, money-wise me.”
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Sydneysiders clear your lunch schedule and ready your bank account, because ME is offering a seriously appealing prize for the winner of its Christmas treasure hunt.
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It’s 7:56pm. You’ve raced down to the corner store to grab some milk before it closes, but a sudden shiver runs down your spine as you grope at your empty pockets for the keys and wallet you know you left back home on the kitchen bench. Uh oh.
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Sydney and Canberra are two of the cities leading the way when it comes to digital banking, according to the Visa Cashless Cities report.
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Custom-owned banks, building societies and credit unions could soon have access to billions of dollars in extra funding, following Wednesday’s announcement from Treasurer Scott Morrison that the Federal Government will wholly support the recommendations of the Hammond Review.
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The long-awaited arrival of instant payments for Australian banking customers is edging ever closer, with the Commonwealth Bank, NAB and Westpac today announcing a collaborative instant payment app called Beem.
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Forgot your wallet? And your phone? Nevermind, Westpac customers can now make contactless payments via their watch, wristband or fitness tracker thanks to some nifty new tech.
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Ever wanted to own your own slice of a lucrative Aussie banking business? Well here is your chance. In a bid to become Australia’s first ever neobank, Xinja have launched a round of retail crowdfunding which will allow the everyday Aussie to become a groundfloor investor for as little as $1000.
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Picture this: you’ve finally decided to do an overdue wallet cleanout - there’s a few maccas receipts, business cards from places you don’t recognise, scatterings of 5 cent pieces, which would be better off in your bank account, and an expired gift card to your favourite store.
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