Digital payments

A banknote has been sitting in my wallet for six months now. As time ticks on, it burns an ever greater hole in my pocket. At first I felt uneasy spending it, following COVID-19 warnings to pay more attention to hand hygiene and the surfaces we all touch on a

Australian fintech unicorn Airwallex today announced the close of its US$160 million Series D funding raise, including investment from the venture arms of ANZ bank and CRM giant Salesforce. Airwallex, a Melbourne-based fintech which allows companies to manage cross-border revenue and financing, says the new funds will be used to

There is an appetite in Australia for more digital technology in transport services, according to a new study from Stanford University.  Most Australians would be happy to share more data, use a consolidated mobile payment app, and trial automatic identification systems through bluetooth or facial recognition, if doing so would

PayPal today announced the launch of PayPal Giving Fund Australia, a registered charity that facilitates digital payments options for other Australian charities. The initiative is designed to combat an increasingly cashless society, a trend PayPal says is hurting donation levels. PayPal will provide the technology and, along with partners, cover

Android Pay

ANZ is the first of Australia’s big banks to offer its customers both Samsung Pay and Apple Pay. The contactless mobile payments service, Samsung Pay, is now accessible for millions of Australians who have an eligible ANZ Visa debit or credit card and a compatible Samsung device. Sign up for

Convenience, time-saving and ease of use are the three big drivers of consumer engagement with online banking according to a new study by Mastercard in Europe. Six out of ten Europeans welcome digital solutions and believe that the digitisation of the banking industry is making their lives easier and safer.

Digital payment transaction values are expected to reach $5 trillion by 2021, up from $3.6 trillion this year, according to Juniper Research. The research, Strategies for Payment Providers: Opportunities, Risks & Competition 2017-2021, highlights the increasing dominance of Chinese companies like Alibaba and Tencent in digital payments. Sign up for

Online payments

The value of digital payments will approach $3.9 trillion this year, representing an increase of more than 14 per cent on last year’s total, said Juniper Research. While the bulk of transaction value (55 per cent) will be accounted for by online retail purchases for physical goods, P2P (Person to