Credit cards 'will not be disappearing soon'

Despite firms trialling different options for buying goods, such as contactless payment systems and phones that can be swiped, credit cards are not likely to replaced any time soon, it has been claimed.

In a piece for the Sydney Morning Herald, business writer Leon Gettler noted that mobile phones may have a significant impact on the shopping habits of Australian consumers.

He suggested that buyers might choose to enter bricks and mortar establishments and treat them like a "giant catalogue", selecting the items they want before entering the details of their debit cards online after finding the product cheaper elsewhere using their smartphones.

"Plastic cards and cash won't be disappearing soon, so mobile payments may have to work with other forms of payment," Mr Gettler asserted.

This comes after a survey by AMP Capital reported by the Herald Sun found that many Aussie shoppers now expect to enjoy discounts and sales whenever they go to purchase goods from high street stores.

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