January 28, 2016
While exploring the hottest FinTech hubs around the world we couldn’t pass by Australia as its FinTech industry is seeing breathtaking growth and provides outstanding opportunities.
According to WSJ, Australia in 2014 was on the third place by the investment fund assets size with $1.6 trillion ready to fuel the ecosystem. There are other interesting details about Australian FinTech proving the forward-thinking culture of the financial industry. For example, according to Westpac, contactless payments via mobile were estimated at AUD $3 billion in Australia last year. Mobile-based contactless payments have accounted for 60% of all debit card transactions in the past in 2014.
Moreover, 14% of more than a billion dollars raised by FinTech around the world in December 2015 were rais ...