Tech

How Australia’s move to a cashless society is damaging millennials

An Australian fintech founder claims that the move towards a cashless society is harming consumers, especially millennials who lose track of how much they’re spending. Co-founder of Sydney startup Carrots Money, Jacqueline Park, says not physically handling money makes it too easy to spend excessively. “Things like contactless pay and […]
How Australia’s move to a cashless society is damaging millennials
Tech

Fitbit Pay just signed up CBA, NAB and ANZ for its new smartwatch

Fitbit has launched its first general purpose watch, the Ionic, in Australia with a surprising announcement: contactless payment will be available for three of the four major banks in Australia. Commonwealth Bank, NAB and ANZ accounts will all work with Fitbit Pay when the Ionic is released next month, allowing […]
Fitbit Pay just signed up CBA, NAB and ANZ for its new smartwatch
Tech

Samsung Pay was just enabled for 1.7 million Australians

Samsung Pay has brought payment solutions outsourcer Cuscal onto its platform, meaning 38 Australian banks and credit unions have now enabled smartphone and watch payments for their customers. Cuscal’s horde of financial institutions join existing members Westpac, Citibank and American Express on the contactless digital wallet. Their customers can now […]
Samsung Pay was just enabled for 1.7 million Australians