Although it's said that cash is king, a new FIS report says "the sun is officially setting on the use of cash for retail payments in Australia, with the economy projected to be 98% cashless by 2024.
Debit card processor eftpos hasn't given up the fight against its multinational rivals. Its Product Roadmap 2021 Update outlines plans for mobile wallets, ecommerce, digital identity, APIs and fintech access, and QR codes.
Debit card provider eftpos has launched a FinTech advisory committee in collaboration with FinTech Australia, designed to give fintechs a direct say in how they can access and leverage the eftpos payments network for the “betterment” of Australia’s digital economy.
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