Half of Australian businesses plan to invest in digital payments

September 01, 2023

Dr Wei LiThe report surveyed more than 1,000 Australian business leaders to understand their adoption of and attitude toward digital payments, which include tap to pay, buy now pay later services, and digital wallets such as Google Pay and Apple Pay. It found 46 percent of businesses surveyed are now accepting four or more payment methods, and 45 percent want to improve their current payment systems. “Our research shows the adoption rate of digital payments remains uneven across states, industries and different sizes of businesses,” said co-author Dr Wei Li, lecturer in International Business at The University of Sydney Business School.

Dr Wei Li

The report surveyed more than 1,000 Australian business leaders to understand their adoption of and attitude toward digital payments, which include tap to pay, buy now pay later services, and digital wallets such as Google Pay and Apple Pay.

It found 46 percent of businesses surveyed are now accepting four or more payment methods, and 45 percent want to improve their current payment systems.

“Our research shows the adoption rate of digital payments remains uneven across states, industries and different sizes of businesses,” said co-author Dr Wei Li, lecturer in International Business at The University of Sydney Business School.

The source of this news is from University of Sydney

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