Australia-New Zealand

Australians Increasingly Eschew Cash and Card for Mobile Payments

September 19, 2018 By: Steven Anderson Mobile payments are catching on just about everywhere, and Australia is serving as an excellent case-in-point example.

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ANZ Kicks Off Smartphone and Wearable-based Cash Withdrawals at ATMs

Customers of the Australia and New Zealand Banking Group (ANZ) can now ditch their plastic bank cards, with a few thousand of ANZ ATMs now accepting cash withdrawal via smartphones and smartwatches. The cash withdrawal function can be accessed at 2,4000 of the bank’s ATMs through Apple Pay, Samsung Pay, Google Pay, Gamin Pay, and […]

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Westpac Launches Voice Payments

It wasn’t that long ago that moving money with the touch of a mobile phone button was considered cutting-edge. From this week, consumers will be able to pay someone simply by talking to their smart phone’s digital assistant and taking a scan of their face.

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ANZ Adds Support for Digital Wallet ATM Withdrawals

Customers of ANZ will be able to use a mobile device equipped with Apple Pay, Samsung Pay, Google Pay, Garmin Pay and Fitbit Pay to withdraw cash from some ATMs, the bank announced today. The bank said that some 2400 ATMs now support the use of mobile devices for cash withdrawals via a contactless reader.

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Rise of Tap and Go Slugs Small Business Bottom Lines

Research by Square released on Monday shows contactless technology is now the preferred method of payment in Australia, with 51 per cent of consumers using it.

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CBA: Tap and Pay Transactions Have Surged in Six Months

The Commonwealth Bank says there’s been a surge in tap and pay transactions over six months, with its own customers increasingly using their smartphones instead of their wallets when making payments.

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New Poll Confirms Australians Prefer Cards to Cash

One-in-three Australians are card-only shoppers and almost all prefer card to cash when given the option, a YouGov Galaxy poll released on Monday said. The poll, commissioned by payments provider Square, surveyed 1,000 Australians and suggests that many have ditched cash or carry it only as a last resort.

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Number of Australians Holding Cryptocurrency Doubles, New Survey Finds

A new August survey says the number of Australians currently holding virtual currency has nearly tripled since a similar study was carried out in January. Nations like Malta and Switzerland often dominate headlines when it comes to cryptocurrencies.

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Australia’s ‘Big Four’ to Be Initial Target for Open Banking

The Australian Competition and Consumer Commission is proposing that only Australia’s big four banks – ANZ, the Commonwealth Bank of Australia, NAB and Westpac – will initially be subject to the new open banking regime. The new open banking rules will function as a subset of the yet-to-be-legislated Consumer Data Right (CDR).

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Australian Blockchain Delegation Heads to China to Foster Fintech Ties

A handful of Aussie blockchain startups are in Shanghai this week, part of a government-backed trade mission that aims to strengthen ties between the two nations in the industry.

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How a Visit to Australia Helped Jack Ma Become an Internet Tycoon

Jack Ma was a cash-strapped Chinese entrepreneur and former English teacher when he convinced friends to give him 60,000 to start a Chinese e-commerce firm called Alibaba in 1999.

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Australia in Driver’s Seat as Global Blockchain Standards Take Shape

Westpac director Craig Dunn will tell China this week that more engagement from its technology leaders will help the global standards-setting process for blockchain, which Australia is leading, to create guidelines that will reduce the cost of deploying the emerging technology across the global economy.

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