More Than One Million ‘Tap & Go’ Transactions Recorded in August

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Secure and innovative payment solutions are helping customers find new ways to spend their money with ‘Tap & Go’ transactions reaching an all-time high.

MasterCard has reported that Australians are quickly embracing contactless PayPass technology with more than one million ‘Tap & Go’ transactions recorded in August of this year.

The increase in transactions seems to be a reflection that Australian consumers are not only wanting faster in-store payment times, but also that they are more comfortable and feel secure with new payment methods.

The technology, designed to replace low-value purchases which would normally be paid for by cash, allows cardholders to tap their PayPass enabled MasterCard against a retailer’s PayPass point-of-sale terminal to authorise purchases for transactions under $100.

MasterCard Australia Country Manager, Andrew Cartwright said: “The strong and sustained growth in MasterCard PayPass transactions demonstrates a real demand for innovative payments products that genuinely make life easier for consumers.”

With the face of retail changing, expect to see a surge in new and inventive payment technologies.

Article by Natasha Sholl

Natasha is a content creator for The Media Pad, publisher of Power Retail. She has a background in law and communications and a passion for all things retail. Natasha loves analysing and problem solving all of the challenges and trends that come with new media and the online retail space. Natasha is a yoga addict and reluctant running devotee, both of which are offset by her serious caffeine addiction and obsession with baking.