Credit Card News

‘Buy-Now-Pay-Later’ platforms like Afterpay and Zip hit 1.5 million users

From January 2018 to 2019, 1.59 million Australians used ‘buy-now-pay-later’ digital payment methods such as Afterpay and Zip, according to Roy Morgan Research.

By William Jolly ● March 18, 2019

‘Bank-xious’: 94% of Australians don’t trust their banks

An ME Bank survey of Australian banking customers has revealed the startling statistics on how Australians feel about their banks in the post royal-commission world.

By William Jolly ● March 18, 2019

Westpac tips Aussie dollar to slide to 68 US cents in 2019

Weak economic growth and cash rate cuts will drive the Australian dollar down to 68 US cents in the second half of 2019, according to Westpac economists.

By Dominic Beattie ● March 14, 2019

Australian credit card usage falls in January

Both the number and value of Australian credit card purchases fell in January, according to the latest Reserve Bank data.

By William Jolly ● March 12, 2019

Employees could soon choose how often they receive their salary

One new Australian fintech is seeking to change the way Australians get paid, by allowing them to access a portion of their regular salary early.

By William Jolly ● March 11, 2019

Retail spending barely lifts in January

Australian retail turnover rose by just 0.1% in January 2019, according to seasonally adjusted figures from the Australian Bureau of Statistics.

By William Jolly ● March 07, 2019

Credit card fraud rose significantly in 2018

The latest figures from the Australian Payments Network show credit card fraud rose 5% from June 2017 to June 2018, totaling $565 million worth of scams that financial year.

By William Jolly ● March 04, 2019

What 1,100 Australians had to say about their debt problems

Australia’s first large-scale study on the experiences of people suffering financial hardship has revealed people’s debt problems aren’t always down to poor choices.

By William Jolly ● February 27, 2019

RBA Governor dissatisfied with big four banks’ slow NPP progress

RBA Governor Philip Lowe has given the big four banks a public dressing down over their delays in properly installing the NPP (new payments platform) into their processes.

By William Jolly ● February 26, 2019

Good Shepherd Microfinance calls for more responsible lending

A ‘legislative loophole’ is causing countless vulnerable Australians to accumulate thousands of dollars of debt on things don’t need, according to Good Shepherd Microfinance.

By David Lammey ● February 21, 2019

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