Friends With Money #27: Why paying for drinks with your mobile is safer than using a credit card
COVID-19 has changed our spending behaviours - we moved from cash to cards and quickly to mobile payments.
Arun Devidas, the head of card issuing and acquiring at Bendigo Bank, joins Money managing editor Julia Newbould on the Friends With Money podcast, to talk about what mobile wallets are, the growth of mobile payments and their advantages over credit cards.
Plus, find out how can you prevent your children racking up big credit bills behind your back.
They also discuss:
- Why mobile wallet take-up was a slow burn
- Why initial account set-up is key to securing mobile payments
- And how mobile payments are increasing in popularity, particularly at bars and restaurants.
The Friends With Money podcast is also available on Apple Podcasts, the Google Play store, Spotify and all major podcast platforms.
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