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I don’t know, Australia’s got only four banks which dominate the market and yet they are pretty aggressive in innovative products. We just got instant bank tran
by cylinder 9y ago
I don’t know, Australia’s got only four banks which dominate the market and yet they are pretty aggressive in innovative products. We just got instant bank transfers and that required cooperation amongst them to adopt standards and protocols.
- joncrane 9y agoTo me, the culture of Australia has always been that being clever and helpful trumps being richer or beating the other guy. So there is value in companies being known as offering clever, helpful solutions. In the US it's almost exclusively about beating the other guy.