US card giant Mastercard has made an equity investment in Brisbane-based start-up Paypa Plane, joining Commonwealth Bank on the register as new payment functionality known as PayTo is due to be switched on next month.
This will overhaul how Australian customers control payments in banking apps and the networks that move money.
Loading...
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
