Digital wallets continue to explode ahead of regulatory controls

Staff Reporter
PayDay News
28 May, 2025
Industry analysts are predicting a further 20.8% growth of digital wallet usage in Australia in 2025, while the sector remains devoid of regulatory controls.
Digital wallets continue to explode ahead of regulatory controls

Industry analysts are predicting a further 20.8% growth of digital wallet usage in Australia in 2025, while the sector remains devoid of regulatory controls.

Subscriber article

This article is available to PayDay News subscribers.

trending

Commentator Vibhu Arya breaks down the recent RBA submissions, analysing who is lobbying for what at a high level.
Australian merchants on Shopify will have another BNPL option to pay with the launch of Shop Pay Installments.
NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but differ on how far regulators should intervene and
Melbourne-based gifting group Limitless Technology has consolidated four payment gateways onto Adyen, simplifying payments across five brands and six Asia-Pacific markets as it continues to expand its e-commerce
Australian fintech heavyweights led by Airwallex, Adyen, Azupay and Digital Economy Council has put access to the NPP at the centre of the RBA’s regulatory review, calling for

RELATED STORIES ▸

The fault lines in Australia’s payments
The fault lines in Australia’s payments
The fault lines in Australia’s payments
Commentator Vibhu Arya breaks down the recent RBA submissions, analysing who is lobbying for what at a high level. ...
Australia Post to drop Western Union as AUSTRAC opens investigation
Australia Post to drop Western Union as AUSTRAC opens investigation
Australia Post to drop Western Union as AUSTRAC opens investigation
Western Union is now under enforcement investigation over its agent network six weeks before its biggest Australian agent walks after ...
Macquarie backs industry-wide A2A push as RBA priority
Macquarie backs industry-wide A2A push as RBA priority
Macquarie backs industry-wide A2A push as RBA priority
Macquarie wants AP+ running BECS and the NPP, while fintechs have attacked the NPP access costs. ...
No deposits, as ACCC puts banks on a short leash for ATM trial
No deposits, as ACCC puts banks on a short leash for ATM trial
No deposits, as ACCC puts banks on a short leash for ATM trial
The ACCC has cleared the National Australia Bank, Westpac, ANZ and Bank of Queensland to start their regional ATM experiment, ...
Public interest test on the line with RBA submission due in days
Public interest test on the line with RBA submission due in days
Public interest test on the line with RBA submission due in days
Submissions to the Reserve Bank's payments review close Friday, with a warning of lopsided debate pushing wallets and Amex ahead ...
Harvey Norman, Latitude fined $55m over misleading interest-free campaign
Harvey Norman, Latitude fined $55m over misleading interest-free campaign
Harvey Norman, Latitude fined $55m over misleading interest-free campaign
Harvey Norman and Latitude have been hit with $55 million in Federal Court penalties after misleading millions of Australians about ...

Got a story to share?

Get in touch with PayDay News today!

Advertising Enquiry

Fill out the form below, and we will be in touch shortly.

Contact Information

Got a story to share

Fill out the form below, and we will be in touch shortly.

Contact Information