Contactless payments stories
Digital technologies, such as contactless payments and remote working, will have a lasting impact on society post-COVID-19.
Australian businesses could slash payment acceptance costs by over 40% using merchant choice routing, a process endorsed by the Reserve Bank of Australia.
Amid COVID-19, Australia sees a surge in contactless card payments, enhancing daily safety and convenience, with over half of transactions now contact-free.
COVID-19 lockdowns are driving the demand for instant real-time payments, with GlobalData predicting over half a trillion transactions within five years.
New Zealand has increased the contactless payment limit from NZD $80 to NZD $200 to curb COVID-19 spread, rolling out changes over the next few weeks.
New research from Bankwest shows that having the option to pay with wearable tech is becoming more appealing than ever.
ASB Bank phases out its ASB Virtual payment service, introducing Google Pay for Android users. However, it's only compatible with Android 5.0 or later.
ASB Bank introduces Apple Pay, allowing over 500,000 customers to make secure, convenient contactless payments via compatible Apple devices.
Ten years from now cash and ATMs as we know them could be extinct as the cashless economy becomes well entrenched in everyday life.
Visa has released a report showing that tourist spend in NZ is growing and they want to use contactless payment systems.
The study shows that for contactless merchants, growth in customer numbers (8.3%) was double that experienced by non-contactless merchants (3.5%).
Millennials continue to drive contactless payments, with almost 9 in 10 people aged 25 to 34 using contactless technology.
Auckland is named a top digital payments leader, with potential to gain nearly USD $2 billion annually by further reducing cash reliance, a Visa study reveals.
With Tap2App, micro-retailers and small business owners can accept card payments with their smartphones without a dongle or a portable card reader.
It might seem incredibly easy (or incredibly difficult) to figure out what millennials want. Visa reckons it knows how they like to pay for things.
PayWave is now available on all ANZ ATMs starting from today, eliminating the risk of machines getting too hungry and swallowing your cards.
Android users can finally rejoice as Android Pay is now officially available in New Zealand - but only to BNZ customers.
New Zealand's biggest technology 'switch-over' since the demise of analogue TV is on its way, and the change is good news for consumers.
New Zealand's Eftpos system is due for a major upgrade next year. Retailers are being warned that they need to upgrade their Eftpos tech or lose it.
The rumours are true: Apple Pay will indeed be coming to New Zealand. But only for those with an ANZ Visa Debit or personal ANZ Visa credit card.
