Over the past 12 months, CBA has seen accelerated growth in digital wallet transactions, with the number of monthly transactions increasing from 29 million in October 2019 to 52 million this year.
Commonwealth Bank’s General Manager of Everyday Accounts Retail FX, Rohan Ritchie, said: “More than ever, Australians are choosing to adopt digital wallets, allowing for increased convenience and choice whilst making transactions safely and securely.
“While coronavirus has led to a decline in cash transactions, it has also seen more of us not using the plastic card and embracing the benefits of using our phones to transact.”
To provide those customers making cashless and digital wallet transactions with even greater convenience, CBA has launched dual network support, allowing customers to use eftpos through Apple Pay – with eftpos via Samsung Pay and CBA Tap & Pay set to be enabled in the coming months.
The introduction of eftpos allows more features and payment options for customers, including cash withdrawals.