Your phone is replacing your credit card

Your phone will probably replace your credit card very soon. New research by Fair Go Finance found that almost one third of Australians will use their phones for all electronic payments by the end of 2016.

Another one-third would use their phone for money management. 40 per cent are already swiping their phones in shops to make payments.

Many phones have in-built contactless payment technology, others use electronic stickers for digital transactions.

Source: The Daily Telegraph