If you’re one of the many Aussies increasingly concerned about the impact of their money on the planet, then you might want to add the B Corp certification to your checklist when looking into a finance provider.
It’s been a long time coming, but banking giant Westpac today announced it will offer Apple Pay.
The bushfires that have affected parts of New South Wales and Victoria have thrown thousands of Australians’ lives into disarray. And with so many forced from their homes, there’s every likelihood that important documents have been left behind or lost altogether.
MyState Bank has reported close to a 30% decrease in cash withdrawals this month alone, while BPAY payments and transactions made via the New Payments Platform have gone up by a significant 20%.
Popped into your local supermarket or cafe lately? You may have noticed that customers are being asked to keep their cash in their wallets in favour of contactless payments options for hygienic reasons.
Dubbing the conditions induced by the COVID-19 pandemic ‘The Great Lockdown’, the International Monetary Fund (IMF) has predicted a sharp decline in global economic growth for 2020, with Australia’s economy expected to contract by 6.7% or almost $130 billion.
The list of businesses and sectors affected by the COVID-19 health crisis appears to be never ending and now it seems that new banks will also be dealt a blow by the ongoing global pandemic.
In a disappointing recent development, scammers appear to be taking advantage of the anxiety and fear surrounding the COVID-19 outbreak by targeting vulnerable Australians.
In an effort to help stop the spread of COVID-19, the Australian Payments Network announced today that it will be temporarily increasing the contactless card limit from $100 to $200. This means that as of this month, Australians will not be required to enter a PIN number for transactions under $200.
With so many non-essential businesses closing their doors and health officials urging people to practice self-isolation, many Australians are facing the very real possibility that they will lose their jobs in the coming months.