While Covid-19 has acted as a catalyst for e-commerce and increased the public's appetite for digital transactions, stakeholders are divided on how to best foster innovation in the payments space.[.....]
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The RBA's currency concerns continue; the aged care royal commission looks into reverse mortgages; and buy now, pay later will be allowed for solar panels after an Australian Competition Tribunal ruling.
AMP's Murray and Pahari stand down; lobby groups get typing as parliament returns under Covid-19 controls; and AMP, ANZ, CBA, Macquarie, NAB and Westpac pay more than A$1 billion in compensation for dodgy advice and FFNS.