The first mover advantage that turned Block-owned Afterpay enjoyed since its launch nine years ago is about to end, with the world’s most valuable tech company, Apple, set to become Australia’s leading buy-now-play-later (BNPL). The Roy Morgan Digital Payments Report reveals it’s taken just 7 years for Apple Pay to build its local market penetration,… Read more »
Digital wallets use has jumped 90% in a year, and the amount paid has risen 110%, pushing it towards becoming the most popular contactless way to pay according to new analysis from the Commonwealth Bank. Digital wallet usage is the 12 months spanning the coronavirus pandemic to March 2021 saw transactions rise from 36 million… Read more »
ANZ has released ‘Wallets@ATM’, a feature allowing customers to withdraw cash from the bank’s ATM using their mobile device rather than their plastic card.
Australian debit payments network Eftpos has announced it has signed on to Android Pay, enabling debit card holders banking with ANZ and eight Cuscal credit unions to make contactless payments with their smartphones.
Westpac is set to launch PayWear, its own wearable offering allowing customers to make tap and go payments on contactless-enabled terminals.
Mastercard has announced a new partnership with Transport for NSW to allow Sydney ferry commuters to tap-on with their mastercards or mobile wallets.
As Australia’s major banks take their time deciding their stance on Apple Pay, Samsung has partnered with local payment solutions provider Cuscal to enable almost 40 financial institutions to offer Samsung Pay to their customers.
Queensland-based Heritage Bank has come out with a wearable payments device that links directly to a customer’s everyday transaction account.
Rather than install EFTPOS terminals, the cash-only Gelato Messina has skipped that step altogether and worked with Melbourne startup LOKE to release its own digital wallet and loyalty app.