finder fintech roundup: Russian payday loans, Apple Pay for business and NAB investments
An international peer-to-peer payday lender has extended its loan offerings to Russia and Apple Pay is now available to businesses.
Fintech companies are extending their loan offerings this week, with one expanding its services to Russia and another adding Apple Pay to its product. NAB chairman also revealed what the company is spending hundreds of millions on despite no obvious ROI.
International peer-to-peer lender opens its doors to Russa
TWINO, a peer-to-peer lender that offers investment opportunities across Europe, has added subprime Russian loans into its marketplace. The 100%+ interest rate for the Russian borrowers translates into very decent returns for the European investors.
Apple Pay is now available to businesses
Cloud accounting software provider Xero is allowing its business customers to accept invoice payments through Apple Pay. Xero CTO Craig Walker says he hopes it will encourage more timely repayments for Australia's small businesses.
Why NAB is investing millions for no obvious ROI
NAB chairman Dr Ken Henry has revealed the bank is investing millions in digital despite no obvious return on investment. Speaking at an event hosted by the Australia-Isreal Chamber of Commerce last night with ANZ chairman David Gonski, Henry was sure that the same would be true for ANZ.
The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Friday to catch up.