CommBank rolls out contactless payments for Android phones
Wednesday, March 11, 2015/
Commonwealth Bank has rolled out software to allow all Android users to use their phones to make contactless mobile payments, becoming the the first big Australian bank to do so, according to Fairfax.
Tap & Pay for Android will be integrated into the CommBank app for Android, enabled through NFC technology, allowing users to make MasterCard or PayPass purchases up to $100 by tapping their phone to the terminal.
“We have seen an almost double of the base of the customers using the CommBank app and more than a doubling of the transactions,” Lisa Frazier, executive general manager of digital channels at CBA, told Fairfax.
“There has been 142% increase in transactions, which translates to 4.7 million transactions a week through mobile banking – these are quite big, big numbers.”
“Customers now ask us for it – ‘why can’t I use my mobile phone to pay’,” she said.
Australians are still waiting on an announcement by Apple as to when its mobile payment feature, Apple Pay, will became available in Australia.
Be honest about your situation: How vulnerability helps businesses thrive Sue Parker DARE Group founder
Own it: The 10 things you need to do to manage your personal brand Lisa Stephenson Who Am I Projects founder
Six invaluable lessons: What 20 years in aged care taught me about being an entrepreneur Natasha Chadwick NewDirection Care founder
An entrepreneurial superpower: Eight tips to help develop resilience Adala Bolto ZADI Training co-founder
Going through a lull? Five areas you should invest in when sales drop Tamara Alaveras and Sonia Majkic 3 Phase Marketing co-founders
Stop telling us how busy you are, it's boring and charmless Ian Whitworth Scene Change co-founder
Blandification™ and the state of modern branding Jeffrey Oley The Offices co-founder
Why you should find the right role for the right person — not the other way around Bruce Stronge Outfit founder