finder fintech roundup: Alt-Fi market explodes, Apple Pay, Waddle and Android Pay
Two new high-profile digital wallet partnerships and the Australian alternative finance market ranks second in the Asia Pacific.
The fintech news you may have missed from the past week.
CommBank partners with Android Pay
Commonwealth Bank has announced it will be giving its 4.4 million app users access to Android Pay. The bank will also be allowing its customers to make contactless payments with their Garmin smartwatches in early October, with Apple Pay becoming available by the end of the year.
Australian alternative finance market explodes, now the second largest in the Asia Pacific
A new report has detailed how the Australian alternative finance (alt-fi) market has grown by 53% in past 12 months, making it second only to China in the Asia Pacific Region. The three sectors driving our growth are balance sheet business lending, peer-to-peer consumer lending and invoice trading.
Invoice financing heavyweight Waddle expands to New Zealand
Australian fintech lender Waddle has announced the expansion of its invoice financing and factoring services to New Zealand. The lender is looking to meet the "significant demand" from small businesses in the New Zealand market.
Woolworths Rewards to partner with Apple Pay
Woolworths customers will be able to use their iPhones to collect and redeem Woolworths Rewards points when shopping at the supermarket or its partners from next month. Find out how much you can collect and redeem here.
The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Monday to catch up.