Australia

The reports at first seem striking: India's abrupt recall of its larger cash notes has caused a dramatic uptake in mobile payments, likely spurred by staggering lines at bank branches and ATMs.

Australia should follow India’s lead and scrap its biggest bank notes, UBS Group AG said.

Flywire, the Boston-based firm specializing in cross-border tuition payments, has expanded to Australia, the third most popular destination in the world for international education behind the U.S. and the U.K.

Less than a week after revealing it will bring Alipay payment options to U.S. terminals, Ant Financial has signed an agreement with Commonwealth Bank of Australia.

Australia's banks have submitted a formal statement to the Australian Competition and Consumer Commission slamming Apple.