identity documents, such as the COVID-19 vaccination certificate from Medicare. Information that can be stored in a digital wallet could include: What can I store in a digital wallet?Ī digital wallet lets a user store a range of information electronically, which they can access on demand via the app or device. Be sure to read the terms and conditions of the app you choose, as well as your financial institution, before you start using it for transactions. When choosing a digital wallet, keep in mind that you may not be covered by the same protections as if you are using a physical bank card. How do I choose the best wallet for my needs?. Does it cost anything to use a digital wallet?. How do I make payments using a digital wallet?. So if you are looking for a digital wallet, where do you start? In this article, we’ll explore: And more people are also discovering the benefits of replacing other flimsy, folded, vulnerable bits of paper stuffed in their physical wallet, like tickets or boarding passes, with a digital version that’s tucked neatly away on their mobile phone until they need it. Soon, we may all be flashing this certificate from our phones multiple times a day. Requirements for Aussies to prove their COVID-19 vaccination status has prompted people who perhaps had not previously considered using a digital wallet to explore the option, after the government enabled the Medicare-issued vaccination certificate to be stored digitally. 
Commonwealth Bank tracked a 90% increase in their customers’ digital wallet transactions between March 2020–21, “ with the value of monthly transactions rising to $2.1 billion, up from $1 billion”.īut it’s not only the contactless payment feature of digital wallets driving this change.
Government figures show that only about one-third of all consumer payments are still made with cash, and that almost half of all Australians have now used their mobile phones to pay for something. Reserve Bank of Australia Governor Philip Lowe told industry experts recently that “this trend is likely to continue”, as Aussies abandon cash and instead opt for COVID-19-prevention friendly contactless payments and online transfers.
The days of jeans-busting wallets or handbag-clogging purses are surely numbered, as Aussie shoppers increasingly ditch them for a digital wallet. Canstar’s Digital Editor Amanda Horswill takes a look at what can be stored in them and where to find one, and supplies tips on how to work out which one to choose. Digital wallets allow people to store their banking information, identity documents and other important information on their mobile device, replacing the need to carry around a physical wallet.
0 kommentar(er)
