04 October 2015

Oz credit union rolls out HCE-based mobile NFC payments service

14 July 2014  |  4508 views  |  0 NFC 4

Australian credit union CUA has teamed up with vendor Cuscal to launch a host card emulation-based mobile NFC payments service.

CUA customers with handsets running the latest version of Google's Android operating system can download the app, link their Visa debit card and make payments of up to A$100 with a tap of their handsets.

The credit union is confident that its new service will prove a hit, citing a survey it has commissioned of 1215 Aussies which shows that around half are very likely or somewhat likely to use it when it became available.

In the longer term, 60% expect to be using tap and pay devices in the next five years and 80% in the next decade.

Chris Whitehead, CEO, CUA, says: "Unlike other mobile apps in the market, the CUA technology requires no tag or sticker to be attached to your mobile phone - you simply download the CUA redi2Pay app and off you go."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

30 June, 2014
09 June, 2014
18 March, 2014
04 March, 2014
19 February, 2014
01 November, 2013
06 September, 2012

Top topics

Most viewed Most shared
More global banks back blockchain collabor...
9799 views comments | 57 tweets | 49 linkedin
Iran joins fintech revolution
7404 views comments | 19 tweets | 5 linkedin
Banks face choice to collaborate or compet...
7177 views comments | 39 tweets | 45 linkedin
Samsung Pay lands in the US
5772 views comments | 25 tweets | 24 linkedin
Worldpay trials facial recognition technol...
5348 views comments | 21 tweets | 38 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job