As more and more people prefer to go cashless, it is compulsory now for even the smallest corner store to accept card payments, or risk losing customers. Observing a potential growth opportunity by supplying digital payment terminals to businesses, fintech company Novatti Group (ASX: NOV) has partnered with payment solutions provider DataMesh Group to enhance
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In rural India, where the fintech infrastructure is still developing, there is a dire need for companies to set up shop with digital payment services. But until that happens, Findi (ASX: FND), formerly Vortiv, is witnessing substantial earnings growth via transaction fees charged throughout their ATM network. With its country-wide ATM rollout with the Central
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High interest rates have left Aussies in a lurch, postponing their grand purchases and consolidating their debts. A downside of debt consolidation is that you could end up paying a greater interest rate. That’s why people are counting on non-traditional banks, like neo-lender Wisr (ASX: WZR), which provides interest rates based on an individual’s credit
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The Australian fintech space has been rapidly evolving the past few years, where on average most individuals across the country have in excess of 6+ fintech apps downloaded and used regularly on their phone. Amongst the Australians that use fintech services, it has become a standard that they typically invest via apps such as Stake,
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Fintech company Douugh (ASX: DOU) touts itself as a responsible financial “super app” dedicated to financial wellbeing but they may ironically need to consider their own financial health after reporting a loss of $11.6 million, blaming wasted marketing spend and employee benefit expenses. While they managed to generate $600k in revenue from their super app,
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As the BNPL fad continues deepening into irrelevance, market leader Zip Co (ASX: ZIP) insists profitability is on its horizon. You just have to overlook any timelines for such to be achieved, and their $1 billion loss for FY22 which includes $276m in customer delinquency write offs. Consumers have been happy to utilise Zip’s BNPL
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