PayDay News celebrates its 1st birthday in October, so we thought it timely to revisit some of our biggest and most popular of the 400 stories published in our first year.
The government has released draft laws to license exchanges and issuers, ASIC has granted temporary relief for stablecoin distribution, and global players from PayPal to IG Group are reshaping Australia’s crypto payments landscape.
Spending crypto via Apple Pay and Google Pay just became easier via a new virtual pre-paid crypto card launched by Sydney decentralised finance start up Hana Wallet.
Shoppers at IGA supermarkets can now enjoy rewards and cashback offers in a move that goes head to head with Coles Flybuys and Woolworths Rewards programs.
"As we move into our second year at Payday News, I like to think of our role being like that of Senator Don Chipp who in 1980 said famously that his job was “To keep the bastards honest”. Clearly, we have our work cut out for us."
Small business customers of ANZ Worldline Payment Solutions and the Fiserv-owned Clover platform are unable to lodge claims against either provider with the Australian Financial Complaints Authority. While both acquirers are exempt from having to submit to AFCA’s jurisdiction, their non-participation in the dispute resolution scheme highlights a loophole that lawmakers have failed to close.