The Commonwealth Bank of Australia is helping charities with contactless donations through the launch of its new Smart Giving app.
In brief:
To help charities adapt, the bank has launched the Smart Giving app
This will be possible through CBA’s Smart EFTPOS terminal
Features include pre-set or custom amounts, and automatic donation receipts which donors may use to claim income tax deductions.
What does this mean?
CBA Executive General Manager Everyday Business Banking, James Fowle, said: “We know the way businesses receive payments is continuing to go digital, so it’s natural this would flow-on to charity organisations. The Smart Giving app allows for a smooth ‘tap-to-donate’ payments experience. Australia’s charity sector plays a significant role in both our national economy and local communities and Smart Giving offers convenience and more flexibility for both donors and charities.”
