Business
Square ‘could become sixth pillar’ of the banking sector – The Australian Financial Review
The deal with Afterpay shows how big tech has walked right through, and is now operating deep inside Australia’s financial system….
Its a low margin business and bankers say it has struggled to win the necessary R&D from internal budget allocations, opening the gates to the disrupters. But its not lost fees on payment terminals that are at stake, but the more valuable data generated…
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