Business

By April 4, 2020 0 Comments Read More →

Coles and Woolworths to raise contactless payment to 200 AUD amidst corona pandemic

From next week, supermarket giants Coles and Woolworths is going to increase contactless payment limit to $ 200. Currently, the contactless payment limit is $ 100. For payments above 100 AUD, you need to enter a PIN as a further safety measure.

There are number of retailers and cards provider. So it will take some time to update system across all said The self-regulatory body for the payments industry, AusPayNet.

However , shopper is likely to see this change in Coles and Woolworth from next week. This will operate for 3 months initially and likely to continue based on conditions amidst virus panademic.

“The new $200 contactless limit will mean fewer consumers need to touch the payment terminal.”

Posted in: Business, Services
By December 5, 2019 0 Comments Read More →

Caltex sells 25 retail sites for $136 million

Caltex Australia says it has agreed to sell 25 of its petrol stations for about $136 million, with contracts for another 25 close to being finalized. After Caltex remediates the sites for up to 24 months and at a cost of about $25 million, they are expected to be redeveloped for retail or residential used by the purchasers.

Caltex decided the high land value of the freehold sites makes them better suited for alternative uses. Its shares were up 0.2 percent to $34.36 at 1036 AEDT.

Posted in: Business