Tuesday 25 October 2016 | RSS


    News in brief

    Australian digital payments to reach nearly A$1.9bn by 2020

    News in brief

    Digital payments across Australia, including those made with a mobile device at the point of sale, will be worth A$1.897bn (US$ 1.42bn) by 2020, Frost & Sullivan predicts. “Mobile payments are expected to take off in 12-18 months,” says the firm’s Saranga Sudarshan. “Apple Pay and Android Pay will revolutionise this market. Smartphone prevalence facilitates a high adoption rate for a more convenient and secure form of paying, compared to physical cards or cash.”

    Filed by Email Rian Boden nfcworld.com Published • Last updated 4 May 2016, 14:23

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