31 March 2015

ANZ goMoney app hits $100 billion in transactions

03 September 2014  |  4826 views  |  0 Woman texting using smartphone

Australia's ANZ says that its goMoney mobile-to-mobile payments app has passed A$100 billion in transactions since launching in late 2010.

GoMoney enables users to send funds to anyone with an Australian bank account by entering the recipient's mobile phone number. Customers can also pay bills, move money between their accounts and check their balance and transaction history.

The app now claims 1.4 million users - 88% of which are between 18 and 44 - making an average of one million logins a day, meaning that it accounts for 62% of all digital logins by ANZ customers.

More than 60% of the bank's customers now use mobile and online channels, and perform three times as many basic transactions online than in branches each year.

Matt Boss, MD, products and marketing, ANZ, says: "Digital and mobile technologies have changed the way people behave and interact, creating an expectation that everything should be easy, frictionless and intuitive.

"Banking is not immune from this digital disruption. With customers wanting to access their money when and where it suits them, we've had to use technology and innovation to serve our customers in this new digital age."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

21 August, 2014
20 May, 2014
09 April, 2014
21 March, 2014
05 April, 2013
28 February, 2013
04 October, 2012
28 August, 2012
20 April, 2010

Related company news


Top topics

Most viewed Most shared
Banking has reached a digital tipping poin...
10826 views comments | 57 tweets | 33 linkedin
Europe sets the pace as fintech investment...
6114 views comments | 29 tweets | 20 linkedin
UK online banking fraud losses soar 48%
5537 views comments | 16 tweets | 17 linkedin
Future Money Focus: Mariano Belinky, Santa...
5238 views comments | 12 tweets | 12 linkedin
Google preps Gmail bill payment feature
5051 views comments | 15 tweets | 12 linkedin

Featured job

Excellent $ six figure basic plus benefits and OTE
New York

Find your next job