Apple Pay

Apple

Consumers spent US$1.42 billion at the App Store between Christmas Eve and New Year’s Eve, a 16 per cent increase from the previous year. Apple revealed that US$386 million was spent on New Year’s Day 2020, up 20 per cent growth from 2019, setting a new record for sales on a

Apple Pay will be available for Westpac customers by June 2020, meaning all four of Australia’s big banks will offer the digital payment method next year.  Westpac also announced Apple Pay is available from today for customers at its smaller banks – St.George, BankSA and Bank of Melbourne – provided

Consumer spend via digital wallets across Europe and North America will increase by 40 per cent this year to nearly $790 billion, according to a new study from Juniper Research. It argued that the largest growth in 2019 would come from instore payments, with mobile contactless payments more than doubling

NAB has switched on Apple Pay for its customers, the latest of the big four banks to welcome the tech giant’s payment service. The bank hinted last year it was open to making the payment service available to its customers. Sign up for Which-50’s Irregular Insights newsletter Nominate today for

Apple is soon launching a credit card that will likely be a precursor to its foray into its own cryptocurrency. You could argue that Apple Pay is already a crypto when users load funds to use for payments and one that is already a stablecoin since its value is the currency used

Apple is expanding its services business, adding a streaming platform, gaming subscription service, an expanded version of its news app and a credit card. The company unveiled a plethora of services overnight during an event at its headquarters. Commentators suggest the company is reaching out in other fields to try

Commonwealth Bank today launched Alipay on its Albert terminals, meaning 94,000 Australians businesses with point of sale device will be able to accept the popular Chinese payment method. Today’s announcement builds on the MOU signed by CommBank and Alipay back in November 2016, and adds significant scale to Alipay’s existing

Mobile payment, eftpos, financial services, smartphone

Australian shoppers prefer to use non-bank cardless payments like Apple Pay and Google Wallet over the banks own offerings, according to a report from Roy Morgan. The research firm believes incumbents will need to collaborate more with fintechs and third parties to “keep up” in the evolving digital payments market.

In-store contactless payments will reach $2 trillion by 2020, representing 15 per cent of the total point of sale transactions. The forecast is contained in a new report from Juniper Research, which argues the growth will be driven by payment cards and mobile wallets. Contactless payments will exceed the $1

Apple Pay, Mobile Payments

The digital products offered by banks are becoming a key factor in customer acquisition and retention according to a study from Telsyte, which that found one in five Australian iPhone users are more likely to bank with a provider if it supports Apple Pay. This figure increases to 32 per cent