Financial Services

The covid-19 push: Accelerating change in Australian industries | Financial Services

October 08, 2020

Australasia

The covid-19 push: Accelerating change in Australian industries | Financial Services

October 08, 2020

Australasia
Chris Clague

Managing editor Asia & Global editorial lead, Trade and globalisation

Chris Clague is managing editor in Asia for Economist Impact. He is an expert in international trade and trade policy and has also advised clients throughout the Asian region on the strategic implications of megatrends and political risk. He was a consultant in The Economist Group's Tokyo office and was the project leader and editor for the Economist Intelligence /Nikkei BP publication The World to 2050 (available in Japanese only). 

Prior to joining The Economist Group, he was a senior consultant and Director of China Operations for a boutique consulting firm that worked with governments and MNCs on issues related to international trade, investment, and commodities. 

Chris holds an MSc in Asian Politics from the London School of Oriental and African Studies (SOAS) and a certificate in International Trade Law and Economics from the World Trade Institute’s summer academy. He provides regular commentary on trade and the Japanese economy to international media.

Contact

The covid-19 push: Accelerating change in Australian industries Financial Services

Almost 90% of Australia’s 25m population uses the internet.1 According to the World Bank, all Australians over the age of 15 have a bank account, about 76% of the population makes online purchases and/or pays bills online, and about 60% of the population owns a credit card.

These numbers indicate an already mature payments market. “People are banked, and therefore very familiar with various banking tools to make payments,” says Filippo Giachi, managing director - APAC & MENA at DOCOMO Digital, the global mobile payments solutions provider.

Download the article to read more about the current payment landscape in Australia and how the covid push will change that.


1 Digital 2020: Australia. Datareportal. 13 February 2020. Available online at: https://datareportal.com/reports/digital-2020-australia
2 The Global Findex Database 2017. World Bank Group. Accessed as on 30 June 2020. Available online at: https://globalfindex.worldbank.org/

Enjoy in-depth insights and expert analysis - subscribe to our Perspectives newsletter, delivered every week