Emily Johnson

Understanding Digital Wallets

Digital Wallets, defined Digital wallets, also known as e-wallets or mobile wallets, are an online payment tool that serves as an electronic version of a physical wallet. Digital wallets are used to store virtual versions of debit or credit cards, but they can also be used to store loyalty cards,

PayTo: The 'future of payments' is almost here

Touted as a game-changer for payments, PayTo is in the process of being rolled out by merchants and banks across Australia, with the 'Big 4' set to go live by the middle of 2023. On the cusp of becoming mainstream, our blog looks at PayTo basics and the potential benefits

Stablecoins in the Spotlight

Most people have heard of cryptocurrencies, particularly the most well-known one - bitcoin. But cryptocurrencies suffer a major problem with price stability that has left investors with heavy losses. Stablecoins are meant to provide a solution to the problem of cryptocurrency volatility. Their aim is to mimic traditional currencies, but

What is a payments API?

API stands for Application Programming Interface, which is a software application used for data transmission between two systems. The API enables the seamless integration of software whereby the recipient can access the software capabilities owned by the provider. Put more simply, an API is a way for computers to talk

The Rise of Banking-as-a-Service (BaaS)

The banking and fintech landscape is exploding with new business models and technologies, making it hard to keep it all straight. Banking-as-a-Service (BaaS) is one example. You may have heard of it but do you know what it is? What is BaaS? Banking-as-a-Service describes a start-to-finish model in which licensed

Open Banking Explained

Open banking initiatives have taken off in many economies around the world, including Australia. More than just a buzz word, open banking is one of the key initiatives helping to deliver better financial experiences for both consumers and merchants when it comes to payments. What is open banking? In a

Exploring the role of digital assets in B2B cross-border payments

The digital asset space is vast, and it can it be easy to get lost in a sea of definitions and labels. But understanding the role that digital assets can play in improving the existing financial ecosystem and the payments space, in particular, is critical for businesses that want to

What is ISO 20022 and how will it change payments?

ISO 20022 promises to modernise cross-border and real-time payments processing using data standardisation.

How virtual accounts enable better international financial services

In recent years, the improvement of payment technology has led to a major breakthrough in cross-border payments, allowing organisations to effectively expand into international markets that they otherwise wouldn't be able to reach. Virtual bank accounts are one of these revolutionary technologies. Whether you are aiming to reduce the cost

Why an International Money Transfer is a Great Christmas Gift

Christmas is one of the busiest times of year for everyone, with people rushing to organise gifts for family and friends living away from home. In Australia, where nearly 30% of current residents were born abroad, this is especially true. Every Christmas, millions of dollars are transferred to family members

Web3 and the Future of Payments

Web3 is meant to be the next big evolutionary leap forward in the internet. For payments, it promises to completely revolutionise how we send and receive money. But what is Web3, exactly? Web1 vs Web2 vs Web3 Let's start at the beginning. Web1 is basically the internet as we know

Trust Has Never Been so Important

In a world where money is increasingly stored and transferred online it is critical that the institutions involved are trustworthy. Fraud in the News Over the past few weeks it has been hard to escape the headlines about FTX - it's astonishing collapse, the disappearance of billions of dollars of

How to Benefit from Cross-Border Shoppers this Black Friday

With BFCM just around the corner, we review some of the best strategies for converting cross-border shoppers online.

Now, more than ever, SMEs need innovative cross-border payments

Small and medium size businesses are increasingly reliant on cross-border payments for growth. They need to be able to send and receive payments to keep up with consumer demand and the evolving digital economy. In a perfect world, sending these payments would be simple, quick and secure. But as a

Scams are on the rise in Australia. Here's what to look out for

Tactics used by scammers are rapidly evolving and individuals are the most at risk of falling for their schemes. Staying knowledgable about different scams is the key to protecting your personal information and money. Scams are changing Scams in Australia are getting increasingly sophisticated and scammers are always finding effective

International Money Transfers

Ready to grow your financial advisory business?

International money transfers are an area of opportunity for financial advisors to improve customer outcomes and enhance their ‘trusted advisor’ status.

News

T-Minus one week: US Election final preview

With one week until the US presidential election we recap the forecasted outcomes and discuss the consequences for the AUDUSD.

Market Update: The US Dollar blues explained

The biggest story in FX markets over the past few months has been the USD's dramatic decline. We look into the factors behind the move and explore whether USD weakness could continue.

Exchange Rates

Australian Dollar teetering near 6-week highs

The Australian dollar is on a tear. What's behind the rally and, more importantly, can it last?

How to support loved ones overseas amid the coronavirus lockdown| FlashFX

Right now what matters is that people can easily move and manage their money around the world to support each other. FlashFX can help.

International Money Transfers

Christmas is coming… Why it’s better to send money instead of gifts to family overseas.

With Christmas around the corner, it’s almost time to start thinking up gift ideas. But when you are buying for loved ones who live overseas, there’s more to consider when choosing the perfect present. Take the stress out of Christmas shopping On top of worrying whether or not

International Money Transfers

FlashFX – Bringing Filipino Families Closer

Learn how FlashFX is using RippleNet to deliver better value and near-instant transfers times for AUD to PHP payments.

International Money Transfers

"A trick or a treat?": Transferring money overseas with your bank

If you thought monsters, goblins and ghosts were scary, have you ever transferred money overseas with your bank? Imagine losing up to 7.0% of your money to hidden fees and high exchange rate margins with no warning. Now THAT is terrifying. Australians who use their bank to transfer money

Exchange Rates

It’s Official: ACCC finds Australian banks are overcharging customers for international money transfers

A final report [https://www.accc.gov.au/system/files/Foreign%20currency%20conversion%20services%20inquiry%20-%20final%20report_0.PDF] from the ACCC found that Australian banks are charging customers millions too much for international currency services. The inquiry by the competition regulator determined that customers of the ‘big four’

Currency

Brexit Turmoil Pressures Pound: What it means for Aussies

After over two years of political impasse, the Brexit debate has well and truly heated up. Temperatures began rising again in August when British Prime Minister Boris Johnson pledged that the UK will leave the European Union on October 31st “no matter what”, greatly increasing the changes of a no-deal