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The Reserve Bank made its clearest statement to date yesterday that if Australia does end up developing a central bank digital currency it will not be used for retail payments. read more

Credit card balances are rising as savings buffers dwindle and cost of living pressures continue to mount. read more

Lender and mortgage broker N1 Holdings has restated its revenue in response to an ASIC review of its 2021/22 financial report. read more

The Banking Code Compliance Committee has warned banks that they need to have their financial hardship processes in order, in anticipation of an increase in customers having difficulty making repaymen.. read more

The $22 billion of new lending for housing in January is down 35 per cent over 12 months, according to the latest ABS lending data. read more

Pay advance company WagePay has switched on the mandate payment service PayTo for customer payments, making it one of the first to offer the NPP add-on service to consumers. read more

If Australia adopts a domestic central bank digital currency it is likely to be used for institutional and corporate transactions, and is much less likely to be used for retail and consumer applicatio.. read more

The Banking Code Compliance Committee has commended banks for a “great result” last year, when reports of compliance breaches fell sharply. read more

Buy now pay later company Sezzle cut its merchant numbers by 10 per cent and its customer numbers by 13 per cent last year in a shift from growth at all costs to a focus on profitable business. read more

Two new mutual banks, each with assets of more than A$20 billion, start trading today, with the official completion of the mergers of Newcastle Permanent Building Society and Greater Bank, and Heritag.. read more