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Commonwealth Bank’s outage-prone mobile app has been a source of frustration for customers throughout the Covid-19 pandemic but user dissatisfaction with chronic service downtimes appears to have coun.. read more

National Australia Bank is set to stir strategic tensions with global card schemes Visa and Mastercard after revealing it would pay $1.2 billion to buy Citi Australia’s consumer banking assets. read more

Small business groups say they want Eftpos Australia to continue as a stand-alone payments scheme despite undertakings that its services will continue to be supported if the merger with NPP Australia.. read more

ANZ is removing restrictions on lending to apartment buyers in Brisbane and Perth as part of an attempt to revive its ailing home mortgage business. read more

Citi Australia is about to join the banking industry’s assault on the buy now pay later sector, with the launch of a new BNPL brand - Spot - in October. read more

Lenders have begun to remove lending restrictions on borrowers wanting to buy inner city apartments in Brisbane following a sustained recovery in occupancy rates and rental values. read more

Afterpay’s army of Australian investors are set to join the share register of the Nasdaq-listed Square merchant payments business if a $39 billion merger deal is completed early next year. read more

During a hearing of the parliamentary committee reviewing digital payments, a Treasury official was grilled about the decision to appoint King & Wood Mallesons partner Scott Farrell to lead the in.. read more

Norwegian payments enablement platform MeaWallet is expanding its Australian presence after entering a service partnership with Australian Settlements Limited. read more

The prospects for an informed public debate on the future of digital payments look dim, if the hearings of a parliamentary committee on Monday can be taken as a guide. read more