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Australia’s CommBank sees surge in mobile payments

New data from Commonwealth Bank in Australia reveals customers are increasingly reaching for their smartphones instead of their wallets at the checkout, with user growth up 35 % in the past six months, according to a press release.

With five million CommBank app users, tap and pay transactions have numbered 16.8 million for the six months to June 2018.

 

Vipera Plc (LON: VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.