Analyst: Rise of OEM Pay smartphone wallets to cost banks US$15bn — in Australia alone

$22b of bank revenue at risk from smartphone wallets: Morgan Stanley — The Australian Financial Review — “Smartphone digital wallets offered by Google, Apple and other technology giants will put A$22bn of revenue across the major Australian banks at risk, according to Morgan Stanley… Its analysts came to that figure after looking into how a banks’ payments capability influences decisions relating to other products. This includes transaction accounts that give major banks an opportunity to cross-sell customers more profitable products such as mortgages.”


iPhone NFC ticketing goes live at Brisbane’s Suncorp Stadium

Ticketek contactless tickets on iPhone and Apple Watch go live — TEG — “Ticketek, the Australian leader in ticketing, announced today [that] Suncorp Stadium in Brisbane is Australia’s first sport and entertainment stadium to offer convenient and fast contactless tickets on iPhone and Apple Watch… Contactless tickets on iPhone and Apple Watch will be rolled out to further venues across Australia in the coming months.”


National Australia Bank goes live with Apple Pay

Australian ‘big four’ bank NAB adopts Apple Pay, Westpac lone holdout — AppleInsider — “National Australia Bank (NAB) on Monday announced immediate support for Apple Pay, becoming the third of Australia’s ‘big four’ banks to integrate with Apple’s payments platform after a failed boycott… With NAB on board, Westpac becomes the last of Australia’s ‘big four’ banks to resist Apple Pay.”








Public Transport Victoria picks NXP’s Mifare 2GO platform for multimodal NFC ticketing

NXP takes Melbourne Transit (Myki) mobile with Google Pay integration for trains, buses and trams — NXP — PARTNER NEWS — “NXP’s Mifare 2GO cloud service is the first to work with Google Pay to enable mobile ticketing in multiple transportation modes and scalability across all compatible Android NFC-enabled phones, giving citizens convenient and efficient travel options in smart cities.”


Public Transport Victoria to add Myki transit cards to Google Pay

Mobile Myki — Public Transport Victoria — “Mobile Myki is a digital Myki on your Android phone. From Thursday 28 March 2019 it will be available on the Google Pay app… Mobile Myki uses all of the existing Myki gates and readers on Melbourne’s trams, at train stations and on Myki-enabled buses across Victoria. The new technology uses Google Pay on the Android operating system and allows passengers to purchase Full fare, Concession, Child and Senior Mykis using both Myki Money and Myki Pass.”


Commonwealth Bank reports ‘dramatic increase’ in mobile payments due to Apple Pay

Digital wallet payments surge on Apple Pay: CBA — The Sydney Morning Herald — “‘Since we’ve introduced Apple Pay, we’ve seen the number of wallet transactions that are linked to a card increase 2.7 times. So it’s really increased quite dramatically since we’ve introduced Apple Pay for our consumer customers,’ said Sam Itzcovitz, CBA’s general manager of commerce solutions, business customer solutions.”






Sydney commuters can now use Fitbit wearables to pay for transit rides

Sydneysiders can now use Fitbit Pay to quickly and easily tap on & off at transit readers — Fitbit — “Following the contactless payment strategy rolled out by NSW Transport on Sydney’s ferry, light rail and train networks in November, Fitbit users can now use selected Mastercard and Visa debit and credit cards loaded into their Fitbit Pay Wallet to pay for their trip… Fitbit users in Sydney with a Fitbit Ionic, Fitbit Versa and its newest tracker, Fitbit Charge 3, can now leave their Opal cards at home and instead use Fitbit Pay on their Fitbit device to quickly and easily pay for public transport.”





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