Apple’s mobile payments service may see slow growth in Australia

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Australian banks may not be interested in Apple Pay Apple Pay has managed to gain a great deal of momentum in the United States. The success of the mobile payments service has lead Apple to seek its expansion in other countries, such as Australia and the United Kingdom. Australian banks seem to have little interest in the payments platform, however, due to the fees that are associated with its use. Banks that would support Apple Pay would give up an estimated $2.5 billion in merchant fees to Apple. Fees associated…

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Optus launches new mobile payments app

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Optus becomes Australia’s first telecom to offer a contactless payment solution Optus, Australia’s second largest telecommunications companies, has become the country’s first telecom to offer contactless payments with its new mobile app, Cash by Optus. The new application is designed to completely replace cash and card purchases below $100 and may help bring more convenience to the commerce space. The new app is being launched with the aid of Visa and Heritage Bank and will utilize NFC technology to facilitate mobile transactions. New app will make use of NFC technology,…

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Mobile commerce has a bright future in Austrlia

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Report highlights trends emerging in the Australian mobile sector Frost & Sullivan has released a new report titled “Australian Mobile Commerce Market 2014.” The report highlights the trends that have emerged throughout Australia and aims to shed some light on the progress that mobile payments have made in the country. Mobile shopping has been growing more popular in Australia recently as more retailers have begun accepting mobile payments. The growth of mobile commerce has been supported by some of the country’s largest financial institutions as well. Mobile spending to reach…

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Retailers in Australia embrace mobile payments

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Retailers are flocking to mobile commerce more quickly than consumers are in Australia Australian retailers are adopting mobile payments faster than consumers, according to Vend, a New Zealand vendor that develops point-of-sale tools for traditional retail stores. Consumers have been showing relatively strong interest in the concept of mobile commerce, but only a modest amount of these people have actually begun participating in mobile shopping. Retailers, however, have been aggressive in their adoption of mobile commerce, hoping to engage a consumer base that is becoming more mobile-centric. Retail sector continues…

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Mobile commerce will be used by 86 percent of Australians in the next year

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A new survey has shown that the upcoming 12 months will see considerable growth in this market. A new report from InMobi has revealed the results of their research and data analysis, which has shown that over the year that followed the study, almost 86 percent of consumers in Australia intend to engage in mobile commerce. This would represent a growth of 11 percent over the figures recorded at the same time in 2013. About 34 percent of the respondents of the survey feel that mobile commerce has become an…

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