Around 30 per cent of in-person consumer payments are made with a mobile device – a huge increase from levels only a few years ago. The Reserve Bank provided some data from its latest consumer payments survey this week, reporting that cash is used for only 13 per cent of transactions, which is half the level of three years earlier. Transactions using card networks account for three-quarters of consumer payments, with debit making up half and credit a quarter. The RBA said Australians’ use of cards is more frequent than in many comparable economies. Since 2019, the share of in-person payments made by tapping a card has fallen from a peak of close to 80 per cent to around 65 per cent now, while the share of payments made with a mobile device has climbed from around 10 per cent to 30 per cent. Among young people, aged 18 to 29, the share of in-person payments made with a mobile device is more than 60 per cent. Consumers are now making around 15 per cent of their card payments online.