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Daily Review: Which Are the Three Major Hubs of Innovation Adoption in Payments?

Australia is fast becoming a less-cash society, a report by the Australian Payments Network said in May, noting how ATM withdrawals fell by 22% in the past five years amid declining use of cash. Australians are embracing the convenience of contactless technology, which is contributing to the rise in card payments.

Pick #1. Westpac launches wearable payment band

In lieu of the news, Westpac reports that adoption of wearables is predicted to grow. About 37% of Australians would be wearing a smart wea ...

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