Displaying items by tag: Fintechs

A majority of Australians now use digital payments, according to a new report revealing that awareness of digital payments is now an almost universal 93.9%, with 72.4% using at least one digital payment method over an average 12-month period.

Amazon was the most purchased stock by Australians on the US stock market in 2018, with many Aussie investors indicating they had turned to US trading in fintech stocks due to being increasingly limited to traditional industries like mining and banking on the Australian market.

Australia's US$1.15 billion Alt-Fi (alternative finance) market, including peer-to-peer lending and crowd-funding, grew 88% in 2017, surpassing US$1 billion for the first time and consolidating its position to become the second largest market in Asia-Pacific, according to a newly published study.