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Australia - Digital Economy - E-Banking Product Image

Australia - Digital Economy - E-Banking

  • Published: February 2014
  • Region: Australia
  • 31 Pages
  • Paul Budde Communication Pty Ltd

FEATURED COMPANIES

  • ANZ Bank
  • BICS
  • Commonwealth Bank
  • MasterCard
  • MTN
  • Swisscom
  • MORE

Australians are one of the world’s biggest users of online banking. EFT (electronic funds transfer) is very popular in Australia, and the BPAY consortium, owned by Australia’s Big Four banks, is widely used to pay bills. However, the more consumer-driven developments such as m-banking too longer to emerge. After decades of procrastination, and ultimately pushed by development from companies such as Apple and Google, the era of m-payments has now taken off in a big way, with all four banks now facing breakneck growth in m-payments. Further expansions are expected in other sectors of m-banking as smartphones and tablets are quickly becoming customers’ preferred way to interact with their banks. By 2015 it is expected that m-banking will overtake the online banking in the number of transactions done electronically.

Early m-payment trials started in the 1980s but PC online banking eventually became the first cab off the rank during the 1990s. BuddeComm assisted the Commonwealth Bank to set up the first national online banking system in the world, Telebank.

The arrival of the iPhone and since then the broader smartphone developments proved that the mobile READ MORE >

1. Synopsis
2. The banking sector
3. Trends and Developments
3.1 Cashless Australia
3.2 M-banking
4. Market Analyses
4.1 Banks were slow of the mark
4.2 Innovation remains a problem for the banks
4.3 Digital economy will affect bank fees
5. Trends and developments in mobile payments
5.1 Push for universal mobile payments system
5.2 e-payment trends
5.3 Consumer trends
5.4 Changes in the market
5.5 Bitcoin and other changes
6. Statistical information and surveys
6.1 How quickly a market can change
6.2 Impacting issues
6.3 Trends and Developments in mobile payments – 2012
6.4 Impacting issues
7. Near Field Communications (NFC)
7.1 Wireless ‘wave payments’
7.2 FLASHiZ
8. Projects and Services
8.1 Commonwealth Bank of Australia (CBA)
8.1.1 CBA m-banking overview
8.1.2 Homebuyers applications
8.1.3 NetBank
8.1.4 Mobile payment app – Kaching
8.1.5 iPhones as payment terminals
8.1.6 MyWealth
8.2 Australia and New Zealand Bank (ANZ)
8.2.1 M-banking update
8.2.2 goMoney
8.2.3 ANZ ePOS
8.2.4 Smartphone trial
8.3 Westpac
8.3.1 Statistical overviews
8.3.2 Cash Tank app on Google Glass
8.3.3 Apples iBeacon
8.4 NAB
8.5 MasterCard
8.6 Visa’s V.me
8.7 PayPal
8.8 Samsung phones with Visa m-payments
8.9 mHITs
8.10 NoQ
8.11 Mint Wireless
9. Contactless payments
9.1 Cabcharge
9.2 MasterCard PayPass
9.2.1 Overview
9.3 MasterCard PayPass and wallet services
9.3.1 Use a QR code to order fast-food at the movies
9.4 Visa payWave
9.5 Visa and Vodafone
9.6 Visa’s wallet: V.me
9.7 Optus m-wallet trial
9.8 Eftpos
9.9 Users uptake sees speedier payments
10. The taxi booking and payment market
10.1 Breaking the taxi monopoly
10.2 Cabcharge
10.3 TAXIS
10.4 Taxi booking apps
10.4.1 goCatch
10.4.2 Ingogo
10.4.3 Uber and Dash
11. Telecoms online payment services
11.1.1 Optus
12. M-Commerce Developments
12.2 Background information
12.3 e-Insurance
12.4 SMS m-commerce
13. E-payment (separate report)
14. Global developments (separate report)
15. Premium rate SMS (PSMS) portals and applications (apps) (separate report)
16. Related reports
Table 1 – Mobile phone usage as method of payment – September 2013
Table 2 – Why consumers used Bitcoins as a method of payment
Table 3 – Popularity of contactless payments using smartphones – 2011 - 2012
Exhibit 1 – How appealing are contactless payments – 2011 - 2012
Exhibit 2 – PayPal SMB Statistics – 2013
Exhibit 3 – Overview of Q-Jumper and Easy Canteen by mHITs

- ANZ Bank
- BICS
- Belgacom
- CabCharge and Taxis
- Commonwealth Bank
- Hoyts
- MTN
- MasterCard
- National Australia Bank
- Swisscom
- Visa
- Westpac
- mHITs

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