HSBC is seeking a buyer for its Australian retail banking arm, The Australian reports. HSBC had A$37 billion in assets and A$38 billion in deposits at May 2025, APRA data shows. Its mortgage book was ...

Struggling US card issuing and payments processing platform provider Marqeta Inc has abruptly pulled the plug on its Australian business as it scrambles to tame operating losses across its global ...

Interchange will be in the spotlight in the Reserve Bank of Australia’s upcoming review of payments fees and payments regulation. One influential lobby group has placed interchange front and centre in ...

Heartland Bank Australia is looking to diversify its lending book, but for now it is keeping its thinking to itself. “Certainly we’ve got aspirations to grow our business” Michelle Winzer, the newly ...

Thousands of retailers and professional service providers across the country were unable to accept card payments on Wednesday after a telecommunications outage paralysed merchant terminals operated by ...

The Reserve Bank of New Zealand yesterday said it filed civil proceedings in the High Court against ASB Bank Limited for breaches of core requirements under the Anti-Money Laundering and Countering ...

Tyro Payments have named Nigel Lee as their next CEO. Lee will replace Jon Davey from early January. Lee “has deep payments expertise across issuing, acquiring, software and hardware solutions and has ...

Westpac’s technology overhaul, a program dubbed UNITE, will take until mid 2029 to conclude, a few months later than previously anticipated. “We’ve completed discovery and planning and are now ...

In a move bound to stoke plenty of speculation about its strategic intentions, Swedish-based buy now pay later giant Klarna has ploughed almost A$141 million of fresh capital into its ailing ...

ANZ will need to write off $100 million, including $78 million in goodwill, following the closure of Cashrewards. Cashrewards announced its closure yesterday morning. ANZ bought Cashrewards in late ...

The government has published draft regulations that will establish a mandate for supermarkets and fuel retailers to accept payment in cash. This is a much narrower mandate than had been anticipated, ...

Following a robust financial year in 2023 – perhaps the best on record - Australia’s lively, but still ever so small, mutual banking sector stands little chance of repeating last year’s profits.