ASIC to set up expert group for youth financial literacy
Australia has ranked fifth out of 20 OECD countries in a major international test of young adults' understanding of personal finance.
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Westpac becomes the final big bank to offer Apple Pay
It’s been a long time coming, but banking giant Westpac today announced it will offer Apple Pay.
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Where is my unclaimed money and how do I retrieve it?
Even if you’re scrupulous with financial paperwork, you may unknowingly have lost bundles of cash over the years. And we’re not talking about coins in lounge cushions.
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MyState Bank sees sharp rise in online banking during COVID-19
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%.
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Apple, Google and Samsung Pay adoption hits 10% in Australia: Roy Morgan
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.
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Get ahead of the downturn with the right financial support
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.
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APRA to suspend new banking licenses for 6 months due to COVID-19
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.
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MyState Bank: Aussies urged to remain alert as scammers look to exploit COVID-19 outbreak
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.
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Could my bank or lender go bankrupt, and what would happen to my money?
In light of recent bank closures in the United States, it’s no surprise that many Australians are worried if their small bank is next.
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Contactless card limit temporarily increased from $100 to $200 to stop the spread of COVID-19
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.
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