The use of mobile wallets is also rapidly increasing - as more traditional payment methods lose traction - creating scope for the government to ensure Australia's financial systems remain fit for purpose.
What do we know about digital wallet?
Internet banking is becoming the norm (SBS).
The Australian Banking Association [[A-B-A]] says the digital revolution is increasingly modernising the way people 'pay' - with 98.9 per cent of banking now taking place through apps or online.
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