02 September 2015

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

14 July 2014  |  4412 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."
KeywordsEFTPOS

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
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
7274 views comments | 36 tweets | 14 linkedin
SunGard system glitch causes havoc for BNY...
7197 views comments | 14 tweets | 12 linkedin
Kenya's NIC Bank links to Twitter and What...
6299 views comments | 27 tweets | 17 linkedin
Payments UK sets out vision for 'world cla...
6254 views comments | 17 tweets | 10 linkedin
HSBC glitch leaves thousands of customers...
5819 views comments | 13 tweets | 7 linkedin

Featured job

£90-110K Basic Circa £200-250K OTE NO CEILING
London

Find your next job