Australia Tech News

Commonwealth Bank of Australia’s Group Super corporate fund has entered into a MoU with the Australian Retirement Trust (ART) to pursue a merger.

Payments giant PayPal Holdings Inc wants buy-now-pay-later (BNPL) loans subjected to consumer protection law.

Australia-based Openpay has gone into receivership, which will see the buy now, pay later firm designating trustees to oversee its assets to help repay creditors.

Malaysia’s Petronas is finalising its first acquisition of an Australian renewable energy business, set to pick up German firm Wirsol’s solar farms and a large development pipeline.