Read More Its Investment In Bengaluru, India-based Fintech Zestmoney Marks Its Entry Into A Market With A Massive Young Demographic, Which Is Gravitating More Towards Cash-less Payments And Has A Huge Growth Potential In The Bnpl And E-commerce Space.

Inside Utopia, the home of some of Australia's most celebrated artists Jennifer Purvis Kngwarreye paints on her country, Alhalkere. Help keep family & friends informed by sharing this article Bathed in golden dusk light over the red dirt of the Central Australian desert, artist Jennifer Purvis Kngwarreye comes to life. Her home, Alhalkere, is a rarely seen pocket of paradise.  Beyond the few houses, small church, and charming school building covered in murals is a seemingly untouched natural vista as far as the eye can see.  WARNING: Aboriginal and Torres Strait Islander readers are advised that the following content contains images and names of people who have died. Jennifer Purvis Kngwarreye lives at Atneltye (Boundary Bore), one of the 16 outstations in the Utopia homelands in Central Australia.  It's part of a cluster of 16 outstations, named Utopia by pastoralists in the 1920s who were reportedly overjoyed by an abundance of tame, easy-to-catch rabbits they found there.  Jennifer has spent her life here, turning down an opportunity to leave to continue her studies as a young person to instead stay and protect her country. "My grandfather, Michael number one, was here and my father was here too and he told me 'keep strong for this place, stand up','" Jennifer said.  "I'm still here. I don't want to go anywhere to live because I grew up here." Few people get to visit Jennifer's country, deep in the Central Australian desert.  Jennifer's grandmother, Emily Kame Kngwarreye is among the most prominent and prolific artists in Australian history.  Her paintings have decorated a Qantas Dreamliner, toured prestigious galleries around the world and sold for millions of dollars.  Emily is said to have rarely left her beloved home and spent the last decade of her life producing an estimated 3,000 paintings and passing on her knowledge. Emily Kngwarreye engrossed in painting her world-famous artwork Earth's Creation 1. As a child, Jennifer would sit next to her grandmother and watch her paint, learning dreaming stories masterfully captured on canvas.  "That's what I'm doing; following in her footsteps," she said. Now, Jennifer is a respected leader in her community; tourists must come and ask her permission to access and photograph certain sacred sites. Her own artwork, and that of her sisters, is being appreciated and bought worlds away from her own.  Jennifer helped her father and others paint the school she attended when she was 10 years old.  Art centres in remote Northern Territorian communities give local artists a place to paint, and the support to ensure their work is sold and exhibited ethically. As a result of work by a newly-established art centre in the Utopia homelands, a small collection of works by local artists was exhibited at a prominent annual exhibition in Alice Springs for the very first time.  Jennifer Purvis Kngwarreye with her painting Anularra (Pencil Yam Dreaming). Jennifer's Anularra (Pencil Yam Dreaming) was hung alongside paintings by Judy Greeny Kngwarreye, Bessie Pitjara Purvis and Motorbike Paddy Ngale at the Araluen Art Centre as part of the 30th annual Desert Mob exhibition. It was bought by Artbank, a federal government arts program, which means it could end up on the wall of an Australian embassy on the other side of the world.  "We acquire works that are excellent, of their kind and that represent the contemporary Australian art market," Artbank director, Zoe Rodriguez, said. The world of art galleries is a long way away from life in Utopia.  Artbank was established in 1980 for the purpose of supporting living Australian artists by buying their works and then leasing them.  Its clients include government offices, diplomatic missions across the world and individuals who want valuable art in their homes, but either don't want to or can't afford to purchase it.  "[Jennifer's] work could go to any of the diplomatic missions of Australia across the world, so could be in Moscow, could be in Vientiane, could be in Bogotá," Ms Rodriguez said.   "We have around 60 works from Utopia, we have been collecting those works for over three decades. Utopia has a very rich seam of art that runs through it."

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Australia's Zip enters Indian buy-now-pay-later space with ZestMoney deal Sept 22 (Reuters) - Australian buy-now-pay-later (BNPL) firm Zip Co Ltd (Z1P.AX) said on Wednesday it would invest $50 million to acquire a minority interest in Indian peer, ZestMoney, as part of its plans to tap new growth markets and add investors. The investment comes at a time of increasing popularity of the BNPL sector, where customers pay in instalments without any interest for their online purchases, as the COVID-19 pandemic pushed young shoppers to look for easier access to credit. Zip, Australia's second-biggest BNPL player, is expanding its footprint in the rapidly growing sector, acquiring companies in Europe and the Middle East over the past one year. read more Its investment in Bengaluru, India-based fintech ZestMoney marks its entry into a market with a massive young demographic, which is gravitating more towards cash-less payments and has a huge growth potential in the BNPL and e-commerce space. "With deep partnerships with online and offline merchants and lending partners, ZestMoney is poised to accelerate growth as the market develops," Zip Chief Executive Officer Larry Diamond said. Zip said it had negotiated terms to increase its shareholding in ZestMoney over time. The BNPL space saw established players testing take a look at the site here newer areas of business to power growth, with Australian BNPL giant Afterpay getting a $29 billion offer from Square Inc (SQ.N) , and U.S. payments giant PayPal (PYPL.O) acquiring a Japanese firm for $2.7 billion. read more Reporting by Sameer Manekar in Bengaluru, Editing by Sherry Jacob-Phillips

https://www.reuters.com/business/finance/australian-buy-now-pay-later-zip-enters-india-with-50-mln-investment-2021-09-21/
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