Westpac Predicts Surge in Contactless Payments

Evolving customer preferences and new digital technologies are driving material changes in payments according to Westpac’s Chief Product Officer, David Lindberg. Contactless debit cards have already been embraced by Australians with 60 per cent of all scheme debit card transactions in Australia now made using contactless technology1. This trend will be further boosted by the

Westpac strengthens its presence and capability in Asia

Westpac Banking Corporation (Westpac) has received the approval from China Banking Regulatory Commission (CBRC) to become one of the first foreign banks to set up a sub-branch in the Shanghai Free Trade Zone. The approval marks a significant milestone in the extension of Westpac’s service offering in China across trade finance, structured commodity finance, debt