Tag: CBA

Household spending increased in August

The monthly CommBank Household Spending Insights Index rose 0.7% to 137.0 in August. This was led by increased education spending by international university students, higher transport spending due to increased petrol prices and...

Consumers continue to cut back on spending

Australians continued to “tighten their belts” in July, according to a new Commonwealth Bank of Australia (CBA) report, with spending growth declining nationally to just 1.3% in the year to July. The monthly CommBank...

Mixed spending amid rising cost of living

A new report by CommBank iQ takes a look at changes in spending behaviour in response to inflation, interest rate rises and rent increases. CommBank iQ is a joint venture between Commonwealth Bank...

CBA offers savings on internet, phone and hardware

Commonwealth Bank is supporting businesses to manage the increased cost pressures of running a business through exclusive pricing and savings on internet and phone plans. In partnership with local telecom provider More, eligible...

Small businesses claiming millions through CommBank

New data released by Commonwealth Bank reveals 12,500 Australian businesses initiated approximately $93 million in claims via CommBank’s digital feature, Benefits finder, between June and December 2021. The dedicated Benefits finder for Business dashboard...

Sydney and Melbourne CBDs return to business

Businesses in Sydney and Melbourne CBD have seen a boost in spending as pandemic restrictions ease and more workers return to offices in the two major cities. Businesses in Sydney and Melbourne’s CBDs...

Household spending intentions in December highest since 2017

The CommBank Household Spending Intentions Index increased by 2.5% to 115.0 in December, its highest level since the series commenced in July 2017, with the biggest gains in the travel, transport and...

CBA’s BNPL StepPay offers businesses bonus payment

Commonwealth Bank has launched a cash incentive for merchant customers who offer CBA’s new buy now pay later product, StepPay. The bank is paying eligible businesses a 4% bonus on StepPay transactions...
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