30 September 2016
Visit colt.net

Vodafone and Visa prep Oz contactless mobile payments

20 November 2012  |  9874 views  |  1 Sydney Opera house

Wireless operator Vodafone and card giant Visa have unveiled the SmartPass contactless mobile payments system that they will launch in Australia next year.

The pair formed a global partnership in February, promising to bring NFC-enabled mobile payments to millions of customers in more than 30 countries around the world, including Germany, the Netherlands, Spain, Turkey, and the UK.

From next year, Aussies will be able to pick up an NFC-SIM from Vodafone and download the telco's SmartPass app to a compatible handset such as the Samsung Galaxy SIII. They will then register for a 'virtual' Visa reloadable pre-paid card - provided by ANZ - using the app, and pre-load funds from their existing Visa or MasterCard card.

This will enable them to make payments of up to A$100 by tapping their handsets against the Visa payWave readers installed at thousands of Aussie shops.



The service will be trialled over the next few months using Samsung SIII handsets but Vodafone says that it plans to make 80% of all the smartphones it sells on contract NFC-enabled from next year to boost take-up.

Thomas Roets, GM, strategy and business development, Vodafone, says: "We expect to see NFC smartphones eventually replacing all the cards we carry in our wallets, whether for payment, travel, loyalty, ID, or gift vouchers, enabling access at a whim. The opportunities are endless!"
KeywordsEFTPOS

Comments: (1)

A Finextra member
A Finextra member | 20 November, 2012, 16:30

This is great... Vodaphone and Visa are going to subsidise a mobile payment application, prepaid virtual debit card account, the cost of a SIM Card etc and go into direct competition with contactless cards issued by Australias banks.

Australians are going to be busy buying SIMs and downloading apps so they can transfer money onto their new prepaid accounts, possibly incurring a cash advance fee for moving cash from their credit card to the prepaid card...

It must be because so many Australians are unable to buy things in shops at the moment...  this new, simplified payment methodology is going to really take off  -   great opportunities to drive new spend down at the Bottle-O

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Icici bank and Vodafone partner to launch M-Pesa in India

Icici bank and Vodafone partner to launch M-Pesa in India

08 November 2012  |  11502 views  |  2 comments | 11 tweets | 8 linkedin
Vodafone enlists CorFire and Gemalto for mobile wallet

Vodafone enlists CorFire and Gemalto for mobile wallet

29 October 2012  |  5633 views  |  0 comments | 4 tweets | 1 linkedin
Vodafone to expand M-Pesa remittance services to 35 countries

Vodafone to expand M-Pesa remittance services to 35 countries

23 October 2012  |  7977 views  |  1 comments | 8 tweets | 6 linkedin
Vodafone Italia debuts NFC-based mobile payments in Milan

Vodafone Italia debuts NFC-based mobile payments in Milan

12 October 2012  |  9196 views  |  1 comments
Vodafone and Visa team on NFC m-payments

Vodafone and Visa team on NFC m-payments

27 February 2012  |  12773 views  |  0 comments
ANZ contactless m-payments trial disappoints

ANZ contactless m-payments trial disappoints

28 June 2011  |  10072 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out more Visit dh.com

Who is commenting?

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
14631 views comments | 56 tweets | 48 linkedin
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
10342 views comments | 32 tweets | 30 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
9288 views comments | 33 tweets | 18 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
7648 views comments | 15 tweets | 30 linkedin
US gets same day ACHUS gets same day ACH
7061 views comments | 23 tweets | 20 linkedin

Featured job

to c.£100K base, double OTE
London, UK (covering Europe)

Find your next job