The next generation $5 banknote is coming

The Reserve Bank is preparing to release the next generation of Australian banknotes. This involves gradually transitioning all denominations of banknotes to new designs, with upgraded security features, an innovative tactile function to assist the vision-impaired community and reduce counterfeiting. The first of these next generation banknotes is the new $5 note, due to be […]

1st annual FinTech award winners

The Fintech start-up scene is flourishing, and one Australian company has come out on top. Fintech describes the technology segment that is disrupting sectors such as mobile payments, loans, fundraising, money transfers, and more. Offering new solutions for B2B and B2C businesses as well as consumers, you may already be using this technology. From digital […]

Australia has been named as a global leader in moving towards a cashless future

In a new global report, “The Cashless Journey,” MasterCard Advisors tracked how 33 major economies are progressing from cash-based to cashless societies. The report identifies new technologies, government programs and consumer preferences as key factors that are driving this shift, creating more productive and inclusive economies. Cash still accounts for 85% of global consumer transactions […]

Next Generation Banknote Program

As part of the Next Generation Banknote Program (NGB), the Reserve Bank of Australia this week released images of the new $5 banknote that will be issued into circulation from 1 September 2016. Mindful of the increasing threat posed by counterfeiters, the NGB project will culminate in new, more secure banknotes being introduced over the […]