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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Report highlights the growth of mobile commerce in Australia

Australian Mobile commerce Trends

More Australians are beginning to embrace mobile commerce and shopping According to a new report from Roy Morgan Research, the number of people participating in mobile commerce in Australia has grown by 448% over the past three years. There are many factors contributing to this growth, including the growing adoption of smartphones and tablets and the increasing interest that retailers are showing in the mobile field. An estimated six in ten Australians currently own smartphones and many of these people are using their mobile devices to shop for and purchase…

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New partnership seeks to expand mobile commerce in Australia

Australian Mobile commerce Trends

Commonwealth Bank, Samsung, and MasterCard form new partnership Australia’s Commonwealth Bank has partnered with MasterCard and Samsung Electronics Australia in order to provide consumers with new mobile commerce services based on NFC technology. The partnership is meant to further encourage the adoption of mobile commerce throughout the country as well as increase the focus on Samsung’s line of NFC-enabled devices. NFC devices are needed if consumers want to make use of services that are based on this technology. Thus far, Samsung is one of the very few device makers that…

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Commonwealth Bank to launch new mobile commerce application

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New mobile commerce app coming to Australia The Commonwealth Bank of Australia has announced that it will be launching a new banking application for iOS and Android devices that leverages NFC technology to enable mobile payments. The application is designed to allow users to purchase goods and services using their mobile devices rather than traditional forms of payment. The platform is not expected to be available for another few months, but the Commonwealth Bank believes that it will find a home with the majority of consumers. Consumers begin demanding new…

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Mobile commerce use greater among Asia Pacific shoppers

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People in the APAC region are considerably more likely to shop over smartphones and tablets than other parts of the world. According to the results of a recent SAP survey, shoppers in the Asia Pacific region have a notably greater likelihood of using mobile commerce for shopping as well as for banking services online. The survey also found that they would shop even more than they already do if they had higher mobile security confidence. This recent survey data from SAP showed that among respondents in the Asia Pacific region,…

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New mobile payments service launched by National Australia Bank

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Bank launches new mobile payments platform The National Australia Bank has launched a new mobile payments service that leverages NFC technology and QR codes. The service is called NAB Flik and is accompanied by a mobile application of the same name. The application is meant to provide consumers with an efficient way to participate in mobile commerce, allowing users to initiate mobile payments through a variety of methods. Australia is quickly becoming a very prominent market when it comes to mobile commerce and more of the country’s financial services firms…

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Mobile security increased in Australia to tackle fraud

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PayPal has announced that it is boosting its anti-fraud efforts for Australians using their services. As mobile security concerns ranging from credit card fraud to identity theft are growing among Australian consumers, PayPal has announced that it is bumping up the efforts that it is making to provide them with the protection they need to trust in the digital payments technologies. This will be accomplished by bringing the seller protection guarantee into the Australian retailer market. This effort by PayPal is being made to strengthen its mobile security credentials within…

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