• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Cuscal courageous with Samsung wallet

15 June 2017 4:25PM
Thirty-eight bank and credit union affiliates of Cuscal will offer Samsung Pay from today, rounding out the mutual ADI sector's support for digital wallets.Cuscal enabled Android Pay for its affiliates around a year ago and Apple Pay later last year.How is this pair of e-wallets that preceded Samsung Pay faring? You can ask - but, as always on this topic, no-one tells."The various 'Pays' do not allow disclosure," Robert Bell, general manager of product and service at Cuscal, said.Mark Hodgson, the head of mobile payments at Samsung Australia offered a vague observation, that take up was "very encouraging", with the wallet supported so far by Citi, American Express and Westpac."I can't give concrete numbers," Hodgson said. "They lie within our expectations."Those expectations may be very low indeed if the approach of one group of banks - including Samsung Pay supporter Westpac - is any guide.A report late last week from Forrester Research, its "2017 Australian Mobile Banking Benchmark", is a telling update on digital wallets. This report, though, is more notable for what it did not say, rather than what it said.This "benchmark" omits any discussion on mobile payments and digital wallets in which Forrester sets out to "use our Mobile Banking Benchmark methodology to evaluate the retail mobile banking services of five retail banks in Australia."One section of this report summarises responses to the question: "Which of the following banking activities have you performed on a smartphone in the past three months?""Paid bills" garnered a response of 27 per cent, while "transferred money to others" came in at 30 per cent.The obvious response: "Made a payment at point of sale" did not feature - assuming Forrester asked the question.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use