Displaying items by tag: Apple Pay

COMPANY NEWS:  Banks and fintechs set to deliver secure, frictionless digital payment experiences through advanced tokenisation technology

Apple Pay became the third most used digital payment service in Australia in 2023, according to Roy Morgan Research, an independent Australian social and political market research and public opinion statistics company.

The Commonwealth Bank has been appointed as an acquirer for the upgrade of Victoria's public transport ticketing system, the bank says.

Mobile Eftpos reader Tyro Go is now available in more than 300 Telstra stores and business technology centres.

Virtual card transactions will exceed 121 billion globally by 2027 increasing from 28 billion in 2022, representing 340% growth, according to Juniper Research.

Merchants deploying soft POS solutions will surpass 34.5 million globally by 2027, rising from six million in 2022 driven by Apple’s entrance into the soft POS space, enabling iOS users access a mobile POS solution, according to Juniper Research.

The European Union has taken aim at Apple for its refusal to open its mobile payment system to its rivals, accusing the company of restricting access to the technology used for mobile wallets.

COMPANY NEWS: Following the success of its launch last year, payo, Australia's first, ‘Eat Now, Pay Later’ app, is excited to announce a new way to pay, with the launch of its payo checkout offering.

NOT FOR PROFIT: The pandemic has disrupted donation drives and crowdfunding initiatives, preventing schools, churches, community groups, and charities from receiving beneficiary aid.

The European Union is set to file an anti-trust suit against Apple over the NFC chip technology it uses for tap-and-go payments, a report claims.

Health insurer nib health funds has made its member cards available in Apple Wallet.

The “next evolution” of Afterpay’s in-store payment solution has arrived, letting users tap their smartphones at any checkout where Afterpay is accepted in store.

Bendigo Bank has signed a deal with ASX-listed payments solutions provider Tyro Payments making the latter the exclusive merchant acquiring partner for its business banking customers.

Australian customer-owned bank Heritage Bank has announced the integration of Apple Pay on its payment platform.

Afterpay, Apple Pay and Google Pay are driving the adoption of new digital payment services according to a new report that shows an increasing proportion of Australians are utilising new digital payment methods such as buy-now-pay-later services, contactless mobile payments and wearable payment devices.

Global contactless payment transactions values will reach nearly US$6 trillion in 2024, up from $2 trillion in 2020, according to a new report which found that increase will be driven by significant growth in OEM Pay and contactless card transaction values, especially in the US.

Big four bank Westpac will finally catch up with the rest of the industry, making a commitment on Thursday to deliver Apple Pay for its customers by June next year.

Mary McHale, Financial Services Director, Equinix Asia-Pacific

GUEST OPINION: SPONSORED NEWS. The emergence and increasing adoption introduction of new digital payment methods, such as ‘buy now, pay later’ platform AfterPay and Open Banking payments platfoms that allow for real time payments like SplitPay alongside better known digital wallets like Apple Pay, are propelling Australia rapidly ahead as it moves toward a cashless, cardless society.

There has been rapid growth in the buy-now-pay-later digital payments Australian market, with new research revealing 1.95 million Aussies used digital payments in the year to the end of September - up from 1.38 million in the previous 12 months.

Taxi operator 13cabs has introduced a new Quick Ride service enabling passengers using Apple Pay to "digitally hail" a ride with their iPhone.