Western Union, a cross-currency money movement and payments, announced PT Artajasa Pembayaran Elektronis (Artajasa) as its newest bank account and wallet payout partner in Indonesia. Artajasa is a pioneer in the market of electronic transactions in Indonesia. The deal will enable clients to receive international money transfers in minutes into their accounts across all major banks in Indonesia. Payout into wallets will launch later this year.
The unique platform partners with charities, solving a common pain point around distributing and managing expenses and donor funds, allowing them to continue effectively delivering services to those in need.
Robust asset growth and quality, capital returns and careful expense management have all contributed to a solid performance from Aussie’s major banks in their 2022 half year results, although margins continue to constrain earnings according to analysis from Ernst & Young, Australia. The EY Australia report shows the big four banks delivered combined cash earnings of $14.4bn for the 2022 half year, an increase of 5.1% from the same time last year.
Businesses that trade in goods rarely escape from the complexity of global transactions and exchange rates. Selling to overseas markets is a goal many businesses aspire to succeed in, and hundreds of local businesses are already open to selling to overseas buyers, including through marketplace platforms such as eBay and Amazon to extend their market reach.
A new survey of Australian mortgage brokers from Hashching has revealed that more than 8 in 10 Australians are looking to lock in fixed interest rates than this time last year.
The South African government has implemented various measures in order to slow the spread of COVID-19, also known as Coronavirus, many of which could negatively impact small businesses in the country.
A first-of-its-kind study of ASX-listed companies has found employers who manage their cash flow and short-term capital efficiently, can more easily survive financial shocks, and even increase their share price.
Newly-launched non-bank lender TechLend is disrupting the lending market by offering home buyers interest-free, paperless, bridging loans with same-day pre-approval, in a revolutionary move that helps reduce the stress from buying and selling properties.
The 2021 EY Global Wealth Research Report also found that, in exchange for greater personalisation, the majority of Australian wealth management clients (72%) are willing to share personal data with their primary wealth manager, a higher proportion than those willing to share such data with banks, insurers, retailers, technology firms and media platforms.
A new poll from independent investment consultancy, bfinance, on institutional investors’ responses to macroeconomic and geopolitical developments has revealed widespread re-evaluation of Environmental, Social, and Governance strategies and asset class exposures. Some 418 institutional investors (pension funds, insurers and others) from 39 different countries contributed to the 'What Are Investors Thinking Now?' study.