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According to the Mastercard New Payments Index: The Australia Forecast Report, almost three-quarters (71%) of Aussies surveyed said they now have access to more ways to pay than they did at this time last year.

94% of consumers in APAC are considering using emerging payment methods this year. APAC enthusiasm for QR codes, digital wallets and cryptocurrencies exceeds global averages

Over half (51%) of AU-NZ organisations are placing innovation as high priority with 47% increasing innovation budgets, compared with 42% globally. Seventy-five percent of AU-NZ executives view customer insight as a vehicle for innovation, tracking with their global peers. AU-NZ organisations lag global peers in critical areas; 55% measure impact of innovation on business performance, versus 66% of globally.

QR on Card makes payments more flexible and safer and is another solution to drive easy acceptance of digital payments for SMEs in India

Mastercard is strengthening its global Digital First program across Asia Pacific with a range of innovative partners to deliver even more seamless and secure digital payment options than consumers expect as they shop and bank online more than ever before.

Pay by Bank App will enable consumers to make payments, securely and directly from the Bank’s mobile banking app.

Focusing on digital convenience and security, Mastercard is delivering more perks in more markets for premium cardholders in the Asia Pacific region with a comprehensive online portal, hassle-free e-commerce insurance and enhanced benefits.