FF News Logo
Wednesday, September 10, 2025
Sibos | FFNews

Breaking News

Real-Time Payments: Pre-Verification Helps, In-Flight Detection Matters Most | Part 6 | Bottomline VeChain Flips dApps Playbook With Launch of VeFounder BMLL Introduces Industry-first Trades Plus Dataset in Response to Key Client Challenge to Achieve Execution Analysis at Scale Octopus Money Onboards New AI Assistants: Harry, Ron and Hermione Revolut Adds Pay by Bank Option to Their Payment Gateway Scalable Capital is Now a Bank Mastercard Survey: 90% of SMEs That Accept Digital Payments in Puerto Rico Report Significant Business Growth PensionBee’s Pension Landscape 2025: South-East Savers Outperform Other Regions, While Gender Gap Remains Widest Outside London CloudWalk is Four Times More Efficient Than Incumbents, Says Atlantico Report Hummingbird Introduces Unified Risk & Compliance Platform with New Solutions For Transaction & Risk Monitoring and Customer Screening Proposed Contactless Changes Could Increase Convenience for Consumers Mastercard Unveils New Tools and Collaborations to Power Smarter, Safer Agentic Commerce CLARA Analytics Launches First Intelligence-as-a-Service to Put Insurers in Control Global Payments Launches Genius™ in the UK More Than 8 in 10 UK SMEs Would Pay for Digital Company ID – CFIT Research
New-RBA-Data-Shows-Rapid--Rise-in-Digital-Payments-

December 9 2024

New RBA Data Shows Rapid Rise in Digital Payments

Share this post:

Share on LinkedIn Share on WhatsApp

New data released today from the Reserve Bank of Australia (RBA), shows Australians continue to embrace the ease of mobile wallets when making payments.

For the first time, the RBA’s latest monthly retail payments data includes a snapshot of newer payment technology, showing more than 500 million payments were made via mobile wallets in October, totalling over $20 billion.

ABA CEO Anna Bligh said the data demonstrated that customers were continuing to switch to convenient digital banking channels.

“Australia is well and truly in a digital banking boom.” Ms Bligh said.

“Australians have always been at the forefront of adopting new digital technologies, and these latest figures show that banking is no exception.

“This massive surge in mobile wallets demonstrates a clear shift towards digital payment solutions, reflecting the evolving preferences of consumers for faster and more secure payment options. 

“Go back a decade, and almost no one was making a digital wallet payment. Now we’re seeing over half a billion payments being made with mobile wallets in just one month.

“With the ongoing surge in digital payments, it’s critical these transactions are subject to the same oversight and consumer protection laws as the rest of the payments system.

“That’s why the ABA supports legislation currently in the Parliament that will ensure Australia’s payments regulatory framework remains fit-for-purpose and covers new entrants into the market.”

View the full data release: https://www.rba.gov.au/payments-and-infrastructure/resources/payments-data.html

People In This Post

Anna Bligh

Australian Banking Association

Companies In This Post

Reserve Bank of Australia
  1. Real-Time Payments: Pre-Verification Helps, In-Flight Detection Matters Most | Part 6 | Bottomline

    Thought Leadership

     Read more
  2. VeChain Flips dApps Playbook With Launch of VeFounder

    Crypto

     Read more
  3. BMLL Introduces Industry-first Trades Plus Dataset in Response to Key Client Challenge to Achieve Execution Analysis at Scale

    News

     Read more
  4. Octopus Money Onboards New AI Assistants: Harry, Ron and Hermione

    Fintech

     Read more
  5. Revolut Adds Pay by Bank Option to Their Payment Gateway

    News

     Read more
Sibos | FFNews
More On