News Pulse for November 29, 2016

A daily download of SME, startup, fintech and tax news from around Australia.

Australia to spend $8.8 billion on Christmas presents, more than half on credit

It’s beginning to feel a lot like the most expensive time of year.

Australian shoppers will spend more than $48.1 billion in retail stores over the Christmas trading period, including more than $19 billion on food alone.

Canberra taxi drivers angry over $10 Uber fare discount

Canberra taxi drivers are angry about a deal between Uber and the ACT Government to get weekend partygoers home from Civic during the silly season.

The agreement, which works in conjunction with the Government’s special late-night bus service, cuts $10 off each Uber journey taken after Canberrans hop off a Nightrider bus in December.

Play as you go with ZipMoney

MEGAN Quinn, co-founder of Net-A-Porter, says the constant margin crunch from digital disruption is making retail businesses more homogenous.

And she says the winners will be those who work out how to differentiate themselves from the pack.

Ms Quinn was speaking to Business Daily as an independent non-executive director of Melbourne online payments start-up ZipMoney, which last month reported strong merchant and customer acquisitions.

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