Digital wallets fuelling massive impulse spending

Digital wallets are facilitating a staggering amount of impulse spending, data suggests. Here’s what we’re splashing out on, on a whim.

According to research by comparison site Choosi, 44 per cent of Australians sometimes use a digital wallet to pay for their everyday transactions.

Most digital wallet users (51 per cent) have them linked to their debit card, while 23 per cent have them linked to their credit card and a further 19 per cent have them linked to both.

The biggest perceived advantages are contactless pay when buying in person – an increasingly appealing feature during the pandemic – and not having to carry a separate card or a chunky wallet or purse as they are always carrying a mobile phone.

Online transactions are also proving increasingly convenient thanks to features like auto filling payment details.

To read more, please click on the link below…
Source: Digital wallets fuelling massive impulse spending | PerthNow