Four Australian banks dominate the banking sector in New Zealand. There has long been concern about whether consumers are getting the best deal, and yet 54% have never changed banks.
Articles on Australian banks
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There’s no reason why Australian lenders couldn’t offer 30-year fixed-rate mortgages, as they do in the US. It could save borrowers thousands of dollars in interest a year.
PayID has been misused and compromised in various ways since its 2018 launch. The system deals only in “incoming” payments, not outgoing ones – but that doesn’t mean users are safe from cyber crime.
