Activation and usage of mobile banking applications could help to reduce the debt of many Australians, as the government looks to roll out its mobile payments legislation.
The Department of Finance has announced the rollout of a new mobile payments bill payment service called Mobilicity, which would allow people to pay their mobile bills with their phones.
If you’re not sure if you can use Mobilicity on your phone, the website explains how to do it, and offers a number of examples of the apps that have already been launched in Australia.
You can use your phone to make and receive payments using your phone as a debit card, credit card, or mobile payment option.
You can also make mobile payments to people and organisations, including banks and businesses, through the Mobilicity mobile payment portal.
The government says it expects Mobilicity to allow consumers to pay for up to $30,000 of their mobile phone bills each year, as well as $500 in annual payments on top of that.
The rollout has already been widely praised, with many users expressing their enthusiasm for the idea.
You can see the full list of supported applications here Mobilicity’s new website has been updated to show all the supported apps that will be available to users, along with their price ranges.
With the launch of Mobilicity users will be able to use a credit card or debit card to make a payment to a mobile account.
If you already have a mobile payment app activated on your device, you can add it to Mobilicity.
To make a debit payment, you simply go to your mobile payment account on Mobilicity and select your debit card.
To receive a payment, simply click on the “Pay” button on the Mobilice mobile app and select the “Send Money” button.
It is unclear what type of payments will be made using Mobilicity or what their exact terms and conditions will be.
The Australian Securities and Investments Commission (ASIC) will also be required to conduct a regulatory review of Mobilice and the new payment option, and the company could face fines and legal action if it breaches consumer laws.
Read more about mobile payments: The Australian Financial Review has contacted the Federal Government for comment on Mobilice, as does TechCrunch.