Safe, Secure, Digital: Mobile Payments Are the Future

Updated: Feb 21

Today, China is the leading digital wallet user, with 47 per cent of the population making mobile payments. In Australia, almost one in five people use digital wallets – the fifth-highest percentage in the world.


A unique approach to mobile payments that puts you first


Cashwo was designed by a passionate team of innovators committed to building a future-proof, intuitive, no-fuss virtual wallet. The newly launched app supports quick, simple, and secure payments using user and business owner QR codes, unique PayID and phone number. For small businesses and corporates, Cashwo makes dealing with banks a thing of the past. There’s no need to waste your valuable time registering a merchant ID – getting paid is as simple as displaying your unique QR code. Customers scan it, and the funds are transferred instantly.


For users, the app is free to download and use. You can buy your morning coffee, pay your plumber, use BPAY for bills, or give your friend that $10 you owe them. Built-in encryption and a personalised passcode offer maximum security and a total peace of mind.


Safe, Secure, Digital: Mobile Payments Are the Future


By 2023, it had been predicated that almost 80% of the Australian population will own a smartphone. And today, most of us rely on our mobile devices to check our emails, connect with friends, read the news, and get directions. It’s only natural that next-gen payment solutions that leverage mobile technology are set to explode in popularity.


Worldwide, mobile payment apps have almost one billion active daily users – that’s a staggering 12 per cent of the human population. Over the next three years, that number is expected to skyrocket by 300 million.


The Cashwo App is Australia’s leading-edge answer to hassle-free, contactless mobile payments. It is like digital cash that you can utilize for any kind of transactions.


Customer service and dedicated account management can help you to look after your money. Just as a standard bank has a representative who can answer your needs, your digital wallet should also be able to provide expertise for you in any instance.


The changing landscape of payments


The digital payment marketplace has been on the hilltop for over a decade,

and hundreds of billions of dollars have been transacted online and via mobile since 2018. If this growth continues at a similar rate, cash use will tumble to last place, becoming the least popular payment method worldwide. By 2024, the global mobile payment market is forecasted to hit US$3.08 trillion, up from US$1.15 trillion in 2019.


Several trends are driving digital payment adoption:

  • Digitisation of services, which accelerated in response to the COVID-19 pandemic

  • Increasing demand for smartphones

  • New technologies including 5G, Artificial Intelligence and the Internet of Things

  • Greater need for contactless payment options

Get Cashwo today


Contactless digital wallets are the future of payments in Australia and across the globe. Get started with Cashwo today. Download the app on Google Play Store or Apple App Store.