The Reserve Bank of Australia has officially acknowledged digital currencies as part of its financial landscape, but will not impose any regulatory structure on them, for now.
Retail merchants in Australia are increasingly interested in adopting more sophisticated payment services. Both contactless payment methods and mobile technology are top priorities, according to East & Partners.
Singapore Airlines has introduced a programme through RBS to allow customers to pay in any of six currencies and to know the price in each currency that they will be billed in.