Australia mobile payments don jump; NIST digital ID guidelines

Australia mobile payments don jump reach over four billion transactions wey worth AUD100 billion for 2024, as one-quarter of the people dey use mobile wallets for all their payments. Even though mobile payments dey grow because more people dey use digital wallets, 73% of Australians still prefer to carry physical debit and credit cards as backup when digital payments no work, dem talk say e be because of system problem and battery wahala. Card loyalty high pass for baby boomers (84%) and Gen X (75%), but na 55% only for Gen Z. Almost half of card transactions now dey happen through mobile wallets. Reserve Bank plan to end card surcharges fit save consumers AUD780 million every year, to make Australia payments system more modern. Meanwhile, Project Acacia dey push forward tokenized asset settlement for 24 use cases. For the US, National Institute of Standards and Technology (NIST) don release new digital ID guidelines (SP 800-63 Rev 4) to update their system since 2017. The digital identity guidelines get better risk management, continuous evaluation metrics, fraud checks and controls against forged media to fight deepfakes wey don rise by 20% in Q1 2025 and now make up 7% of global fraud attacks.