Mobile payments double in popularity this Christmas period

Tis the season to spend, spend, spend with a mobile payment platform.

New research from ANZ has found that the use of mobile payments in October and November 2018 has grown more than 100 per cent compared to October to December 2017.

Further, customers used their mobile device to pay for things 120 per cent more in October 2018, compared to the same time last year.

The most popular categories for mobile payments during the silly season are department stores, delivery services, electronics, beverages and hardware. Throughout the rest of 2018 the most popular categories for mobile payments were supermarkets, petrol stations and cafes.

This shows a clear distinction between how Aussies switch from spending on everyday things to more holiday-related items once October hits.

ANZ Customer Engagement Lead, Kath Bray, said “customers are using their devices to pay for a broader range of things more often as people get used to this technology.”

“We expect this growth to continue into 2019 and beyond,” Ms Bray said.

RateCity research found that ANZ customers can enjoy the flexibility of access to Apple pay, Google pay and Samsung pay.

This puts them at an advantage compared to other big four banks, with NAB and Westpac still not offering customers Apple pay.

Last Thursday, CommBank announced it was adding Apple pay to its mobile payment platforms, bringing it up to par with ANZ.

Find out if your bank offers mobile payments now:

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