Mobile Wallet

Mobile Wallet

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Least cost routing finally enabled for some Google Wallet transactions
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Least cost routing finally enabled for some Google Wallet transactions

After more than five years of lobbying from Australian small business to reduce the cost of mobile transactions, eftpos functionality and least cost routing (LCR) is finally available for some Google Wallet mobile debit transactions in Australia.

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Monthly Payments Data Report
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Monthly Payments Data Report

The RBA released its Retail Payments data as at November 2024 on the 10th of January. Here are the latest results.

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60,000 cards may be impacted by eftpos mobile glitch on New Year’s Eve
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60,000 cards may be impacted by eftpos mobile glitch on New Year’s Eve

Banks are asking 60,000 consumers to delete and reload their debit cards in mobile wallets, to ensure they still work from News Year’s Day.

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August RBA Stats: Debit cards growth trends
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August RBA Stats: Debit cards growth trends

Presented by Peter Drennan, Senior Business Analyst

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Mobile soars with concerns over cost & competition
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Mobile soars with concerns over cost & competition

The Reserve Bank of Australia has released new data about the growth of mobile wallet card transactions, while also flagging concerns about costs and competition.