Payments in Australia
Australia is a multi-faceted, tech-leaning melting pot. Its payments landscape mirrors both its size and its diversity, with home-grown technology to meet its own unique needs. Here’s what you really need to know about the evolution of payments and banking in ‘Oz’. For most of us, the land ‘Down Under’ is a distant place. It punches above its weight in the global imagination – think the Sydney Opera House and surfers, Nicole Kidman and Hugh Jackman, crocodiles and kangaroos. But, like Aussie Rules Football, it can be hard to make sense of (unless you’ve actually been there). As part of our Spotlight series on regional payment preferences, here are a few fast facts to get you started, with a focus on digital and electronic payments.
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