Volume of mobile payments up 140% in a year according to ANZ

You know what Aussies love? Convenience and simplicity and figures from ANZ show that the rise in Mobile Wallets is driving a huge change in the way we pay.

Data from the ANZ shows a significant rise in the volume of transactions made with a mobile wallet in the month of December, up 140% on the corresponding period with a peak on December 22 of over $200,000 in transactions.

We’re using our mobile wallets (Smartphones and wearables) for groceries mainly, as well as dining out and filling up the car with 62% of ANZ’s mobile wallet transactions happening in those locations.

And it seems Christmas shopping was the clear driver too – with 23% more transactions in December than the previous three-months.

Still a long way to go though, with these mobile payments amounting for just 4.5% of all transactions, which has more than doubled since the 2% this time last year.

It’s a strong sign of a growth that cannot be ignored, though as we know plenty of the biggest banks still deny their customers the simplest technologies such as Apple Pay.

Web: ANZ