Mobile financial services to help customers transact instantly are seeing greater demand and rollout amongst Australian financial institutions during the pandemic, although the institutions are slow to adopt next-gen digital offerings such as fraud alerts (21%) and voice-activated fund transfers (15%), according to a new report.
Digital global domestic money transaction values are exploding around the world, with a new market report forecasting the value of transactions will exceed US$3.5 trillion by 2024 - up from US$1.8 trillion in 2019.
Smartphone enabled tap and go usage for transactions will take off in Australia over time, according to a senior partner from professional services firm Deloitte which has just released its study on the latest trends in the Australian mobile consumer market, including the growing shift to biometric smartphone security.
There has been a significant upsurge in international remittance activity in the past two years, with a number of cross-border mobile remittance services now being deployed, according to analyst firm Juniper Research.
Asian payment methods are driving global mobile adoption, with a new research study revealing that over a third, or 34%, of browser-based online transactions globally are now made on a mobile device, compared to 30% previously.
When you make purchases using what’s called Direct Carrier billing (DCB) you can make your transaction on a mobile device or network-connected tablet, without the need to provide your bank details.
MYOB's PayDirect mobile payments service now accepts EFTPOS payments in addition to credit card transactions.
Security vendor ThreatMetrix has measured the device source of Internet transactions. Over one quarter are now carried out on a mobile device.
Dud Swans? Wasn’t Swan one of your colleagues once?
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