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

02/05/201502/04/2015 Stephanie Beck

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…

Mobile commerce has a bright future in Austrlia

09/15/201409/13/2014 Stephen Vagus

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…

Retailers in Australia embrace mobile payments

09/04/201409/01/2014 Stephanie Beck

Australia Mobile payments Commerce QR Codes

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…

Report highlights the growth of mobile commerce in Australia

07/03/201407/01/2014 Jorge Gonzalez

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…

Commonwealth Bank to launch new mobile commerce application

10/21/201310/19/2013 Stephen Vagus

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…