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.
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