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After a booming profit, CBA now says domestic issuing and acquiring run at a loss!

After a booming profit, CBA now says domestic issuing and acquiring run at a loss!

Australia’s biggest bank claims its domestic issuing and acquiring businesses are losing money.

Banks

+1

Apple Pay dominance is “good for competition”: Apple

Apple Pay dominance is “good for competition”: Apple

Regulation of Australia’s dominant mobile wallet Apple Pay will hurt consumers and small banks trying to compete with the Big 4, according to Apple.

Digital & Online

+2

Australia breaks new records on card spending ... and merchant fees

Australia breaks new records on card spending ... and merchant fees

New data shows 2025 saw record card usage in Australia, but fees charged to merchants for accepting those cards also increased across almost all card categories.

Cash

+4

Cash demand up at branches as closures continue

Cash demand up at branches as closures continue

The latest Reserve Bank of Australia (RBA) statistics show demand for cash remains strong at bank branches, while some banks continue to close their doors at globally high rates.

Cash

+1

CBA takes the lead on scams and fraud as credit growth bolsters banks

CBA takes the lead on scams and fraud as credit growth bolsters banks

Granular detail on scams and fraud released by the Commonwealth Bank (CBA) throws down the gauntlet to its competitors.

Banks

+1

DJs adopts Weixin Pay for big spending Chinese tourists

DJs adopts Weixin Pay for big spending Chinese tourists

David Jones now accepts Weixin Pay – formerly known as WeChat Pay - enabling big spending Chinese customers to make purchases at preferential exchange rates, and eliminating the need for cash or cards.

Fintech

+3