ANZ reports surge in mobile wallet transaction volumes

Spending with mobile wallets is likely to become as much a part of Christmas as ugly jumpers and awkward small talk with relatives. ANZ data show a significant rise in the volume of mobile wallet transactions in December 2017, up 140 per cent on the previous corresponding period. The number of mobile wallet transactions as a proportion of total card based spending more than doubled in the period. In December ANZ customers favoured their smartphones and wearables for 4.5 per cent of all transactions, compared with 2 per cent for the same time last year.