Payments

B2B transactions processed by pureplay digital operators will reach $14 trillion by 2023, up from $6.7 trillion in 2018, as the new entrants offer cheaper and faster services than established players in the space. The figures are contained in a new report from Juniper Research. According to the research, B2B

Payment technology company Worldpay is the opening its first sales offices in Australia and plans to open a New Zealand office after obtaining a local licence for acquiring card payments. These regional investments will enable Worldpay to serve its Australasian clients through an enhanced market presence and in-country payment processing.

A new study from Juniper Research found that the annual value of virtual cards (temporary card numbers only available for a single transaction or limited time) used by businesses will grow 90 per cent over the next four years; exceeding $1 trillion by 2022. This is up from an estimated

Retail spend is expected to increase by $6 trillion globally between 2018 and 2023, taking total spend to $30 trillion, with growth driven by a combination of alternative payment mechanisms (most notably wallets) and online spend. The figures are contained in a new study from Juniper Research which also identified

Apple Pay

The window of opportunity in the US for mobile payment providers like Apple Pay and Google Pay is closing fast, according to new research. Despite high levels of support from retailers, only 14 per cent of US respondents currently use OEM-Pay (payment services provided by smartphone vendors) for instore purchases,

Deliveroo

Up to $10.1 trillion could be processed via real-time payments solutions each year in Australia by 2023, according to a report from Visa. And there is sufficient demand for it, with gig economy workers wanting to be paid “within minutes” of completing a job. Based on research conducted by Telsyte,

NAB Alipay

NAB will soon accept Alipay as a payment method through its point-of-sale terminals as part of a new deal between the two finance companies. The bank announced today it is testing the Chinese payment method with a small group of its business merchant customers in November, before a wider roll

Smart cars will soon be able to pay for tolls and fuel, driving a big increase in transaction volume for the emerging category of IoT payments. The IoT payments market is tipped to grow at an average of 75 per cent per annum over the next five years; reaching $410

PayPal Headquarters San Jose

Service NSW now accepts PayPal as a payment option, making online and mobile payment for NSW Government services faster and easier. Starting with Roads and Maritime Services, PayPal will be progressively be available on all of the NSW Government agencies that accept payments via the Service NSW website and mobile

Visa has developed a digital payments solution for charity street vendors to collect card payments on the go and combat an increasingly cashless Australian society. “AirPay” is a point of sale device small enough to be carried on a lanyard and will allow charities like The Big Issue to accept