This growth has been made possible by the acquirers rolling out new technology in their terminals and by the willingness of Australians to try something different. There has also been rapid take-up of mobile payments, including through wearable devices. Progress has also been made on improving the safety of electronic payments, particularly in relation to fraud in card-not-present transactions.
2 Group of Twenty (Finance Ministers and Central Bank Governors) 3 Brazil, Russia, India, China, South Africa 4 Previously known as the SADC Integrated Regional Electronic Settlement System (SIRESS)  Page 4 of 7  The independence of central banks and the South African Reserve Bank’s role in the South African economy  Another topic that has been prominent over the past two years or so, and which seems to be gaining momentum, relates to central bank independence.