“Cash or card?” Just like millions of Aussies who opted to “bring their phone and no more” on a daily basis, you’ve probably lost count of how much you have tapped your phone or card. According to the Australian Banking Association (ABA), Australia’s shift to digital banking is accelerating, with the number of people leaving
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After experiencing a lull in FY22, Fintech company Findi Limited (ASX: FND) has announced its financial results for the full year ending on March 31, 2023, surpassing expectations and achieving significant growth. The Company reported revenue of $54.5 million, exceeding the forecasted $50 million. This success translated into an EBITDA of $16.8 million, surpassing the
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The installment payment platform Sezzle (ASX: SZL) appears to be bouncing back from near defeat just a year ago, with a first-quarter profit of $2.6 million in 2023 compared to a net loss of $42 million in the same period last year. In the previous year, Sezzle was almost ready to throw in the towel
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Buy Now Pay Later (BNPL) may not work well when it’s customer-oriented, as they might eventually see the dent in their wallet and walk away. However, if it is business-oriented, helping companies get paid on time, it might be a different story. Assisting businesses to keep track of their vendor or client payments, online payment
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Crime does not pay; if anything, it makes you. And this was made evident with the recent Clee Capital vs Malaysian BNPL firm IOUPay (ASX: IOU) court drama. Playing out in a Johnny Depp and Amber Heard fashion, after IOUPay’s former CFO Kenneth Kuan Choon Hsuing—accused of misappropriating company funds—helped shareholder Clee Capital sue the
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As one of the preferred digital payment options for Chinese nationals to pay bills in Australia, ChinaPayments is expanding. But to better reflect its global reach, fintech company Novatti (ASX: NOV) has launched the product in 6 new countries under their Novatti BillPay platform. Novatti BillPay is an extension of Novatti’s ChinaPayments service that saw
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