ANZ records festive spike in mobile wallet transactions
(22 January 2018 – Australia) ANZ bank has reported an increase in spending by customers using mobile wallets and wearables to pay for their purchases over the holiday period.
The bank’s data show a significant rise in the volume of mobile wallet transactions in December 2017, reaching 3.9 million, up 140 percent on the previous corresponding period.
ANZ said customers made around 23 percent more transactions using mobile wallets in December compared with the previous three-month average.
It also recorded growth in payments driven by wearable devices, with over five thousand payments made using Fitbit Pay & Garmin Pay.
In total, ANZ customers favoured their smartphones and wearables for 4.5 percent of all transactions, compared with just two per cent for the same time last year.
Subscribe