Payments

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

As Australia’s buy now pay later (BNPL) bill races towards $1 billion, driven by the popularity of services like AfterPay and ZipPay, research commissioned by Which-50 paints a picture of growing impulsivity — especially by younger consumers — and raises some questions about the sustainability of the model. According to

Supermarket giant Woolworths is expanding its mobile checkout technology to more locations following an initial 10 month trial. Scan&Go allows customers to scan goods with their smartphone as they walk through the store and pay in the app before tapping off at a dedicated kiosk. Sign up for Which-50’s Irregular

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

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,

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 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