Eftpos transactions can now be made on Square terminals at tens of thousands of businesses across Australia. read more
Financial institutions / Big five & fintech (2,198 items)
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The industry’s steely profit maximisation ethic, a relentless focus on product sales and “complexity” on the part of both banks and regulators sums up responses from major stakeholders to the interim report of the financial services royal commission. read more
It looks likely that Westpac NZ will lose the contract to provide transactional banking services to 35 New Zealand government agencies when the current contract expires in 2023, with local bank Kiwibank being groomed to take over. read more
The New Zealand First Party, one of the partners of the coalition government, is renewing its push for the imposition of an Australian-style banking levy on Kiwi banks, a sector which one government minister described as “cartelised”. read more