The White Label Alliance (WLA) was formed in response to increasing global demand for next-generation, independent payment solutions. WLA consolidates and sets independent standards for contact and contactless cards, mobile and other form factors and payment terminal acceptance. WLA has also signed a strategic licensing agreement with JCB. (more…)
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The Fold Legal Blog: BNPL CODE – TO B OR NOT TO B A MEMBER?
This was initially posted on The Fold Legal blog.
The Australian Finance Industry Association (AFIA) has released a new voluntary Buy Now Pay Later (BNPL) Code (Code) to address criticism that the industry is under-regulated and to enhance consumer protections. The objective of the Code is to encourage a customer centric approach, promote industry standards and drive an uplift in compliance. In doing so, the Code imposes several conditions and protections that go beyond the current legal and regulatory regime for BNPL providers. (more…)
Funding a fintech: how can startups and scaleups attract private equity investment
As the rollout of the COVID-19 vaccine helps to encourage economic recovery, Australian Fintech companies, from start-ups to scale-ups, are in the sights of Private Equity (PE) investors.
PE firms have become increasingly more active in the Fintech sector, with $137.5 billion invested globally in 2019. (more…)
eftpos launches advisory committee to give FinTech a voice
eftpos has launched a FinTech advisory committee in collaboration with FinTech Australia, as a way of giving FinTechs a direct say in how they can access and leverage the eftpos payments network for the betterment of Australia’s digital economy. (more…)
IDEMIA Announces Corporate Partnership With FinTech Australia
Sydney, Australia, 11 February 2021 – IDEMIA, the global leader in Augmented Identity, has signed a corporate partnership with Fintech Australia, a trade association that seeks to boost growth of the country’s Fintech ecosystem. (more…)
