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- This Week in Fintech
Happy Friday!
Welcome to the third instalment of This Week in Fintech. Thanks for subscribing 🙌
The low down ⏱️
Tap to Pay launches with Square and Zeller, Up Bank launches Hi-Fi - a personal finance management hub, Hnry launches a Visa Debit Card for sole traders, Waave and Merco partner to offer an Open Banking to POLi affected merchants, Prospa launches their app in New Zealand, CBA launches InstalPay to CBA customers transition to renewable energy, NAB is closing Diners Club
This week in Australia 🇦🇺
Tap to Pay launches for Square and Zeller merchants
This week Square and Zeller launched Tap to Pay on iPhone making it quick and easy for anyone to take contactless payments from their iPhone.
For Square - this is the first market outside of the US where Square will offer Tap to Pay payment experience to its sellers! This feature is available within the Square Point of Sale, Square for Retail, and Square Appointments iOS apps at a processing rate of 1.9%.
For Zeller - Tap to Pay is available in their iOS app and joins their ever growing product suite for their customers and will sit beside their EFTPOS terminal with with a low processing rate of 1.4%.
Square and Zeller join Adyen, Westpac, Tyro, Stripe and ANZ Worldline in offering Tap to Pay in Australia.
What is Tap to Pay?
Tap to Pay on iPhone lets sellers of all sizes accept contactless payments directly from their iPhone, with no additional hardware required!