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.”
- Contactless transit payments go live in Miami
- Telia tests 5G face recognition payments
- Lojas Americanas opens checkout-free automated convenience stores in Brazil
- Apple rolls out Apple Card, extends 3% cashback offer to third party merchants
- Facebook to partner with banks for WhatsApp payments rollout?