Payments provider BPay claims more $20 billion has been transferred through its Osko payment platform — which allows the transfer and receipt of money instantly — since its launch earlier this year, with Osko now available via online banking with banks and financial institutions.
Global registered mobile domestic money transfer users are expected to reach 2.5 billion this year, up from an estimated 1.7 billion in 2016.
Global payment and financial services company Western Union Company has done a deal with BP Australia to enable fund transfers through its mobile app in 302 BP stores nationwide, including 150 stores with digital kiosks.
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