Australia or merge three major payment systems

ACB News “Australian Finance Online” June 5 It is reported that the Australian banking industry will discuss the merger of the three major payment systems, and strive to establish a single payment platform to compete with fintech companies in other countries. Australia’s current three major payment platforms include NPP, BPAY and eftpos. They have different…

Australian dollar may be on the rise

The Australian dollar has jumped to its highest level since mid-January, and the Australian Securities Exchange may feel some of this optimism. Starting yesterday, the Australian dollar jumped to 68.96 cents, up 1.5% from the night before. This is the result of mixed factors such as a weaker US dollar, higher iron ore prices (more…

Victoria extends state of emergency until June 21

Health Minister Jenny Mikakos has announced the extension of the state of emergency in Victoria until 11:59 pm on June 21. “The reason we do this is to ensure that the chief health officer retains the power to effectively respond to the outbreak,” she said. “This move can also enable the implementation of new regulations…