Don’t you just hate it when you’ve gone out for the night and as you approach your destination you notice that you’ve left your ID at home? As smartphones contain increasing amounts of personal information and are rarely out of reach, could they make this issue a thing of the past?

Smartphones are no longer just a means of communicating. They wake us up, get us from A to B and even help us find love. We’ve almost forgotten their original purpose. Text trumps voicecalls and apps trump SMS – it’s a good time to ask – what’s the future of the mobile phone?

The average Gen Yer spends five hours a week taking photos of themselves. Knowing how much this group loves a selfie, and that ease is considered the most important feature of banking, MasterCard is hoping its ‘selfie’ payment method will get them snapping and spending like there’s no tomorrow.

The World Economic Forum ranks Australia at just 18th in terms of countries that are ‘digitally ready’ – surprisingly low – due to slow internet speeds and a lack of infrastructure. But as media companies spend on online ads and mobile penetration goes up, Aussies are switching on to digital.