17 August 2017
visit www.avoka.com

Westpac trials SIM-based mobile payments

07 August 2012  |  13998 views  |  0 Westpac logo

Australia's Westpac is to begin pilot trials of an Android-based mobile contactless payment application.

The pilot will see 100 of the bank's staff given Android handsets fully-equipped with a secure element embedded in the SIM card. Together with the user's virtual Debit MasterCard on the phone, participants will be able to pay for items, by tapping their phone in-store on a contactless NFC PayPass payment terminal.

The app also includes an instant feedback form which will be used to tailor the final product during the commercial development phase.

Westpac's head of mortgages, cards and merchants, Axel Boye-Moller says: "Mobile banking represents a significant change in the way customers and banks do business and Westpac customers will be instrumental in helping design the final application."

The latest pilot follows a trial conducted by the bank last May of contactless stickers which could be attached to a mobile phone as a bridge to full-blown SIM-based payments.

Westpac rival CommBank has yet to enable contactless payments on the Android version of its Kaching mobile app, preferring to wait until the handset and terminal market matures.

Says Boye-Moller: "Online and mobile are the cornerstone of Westpac's business. Currently 3.4 million Westpac customers are digital customers, 43 per cent of whom use their mobile phone to process payments online. The pilot enables simple mobile payments for purchases and reflects our approach towards progressive payment solutions for our customers.

Comments: (0)

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

CBA brings Kaching social payments to Android; Facebook next

CBA brings Kaching social payments to Android; Facebook next

05 July 2012  |  10738 views  |  0 comments
Bank of America claims 10 million mobile customers; accelerates branch closure programme

Bank of America claims 10 million mobile customers; accelerates branch closure programme

24 May 2012  |  15528 views  |  0 comments | 2 tweets | 1 linkedin
CBA looks to the future of banking with crowdsourced IdeaBank

CBA looks to the future of banking with crowdsourced IdeaBank

05 December 2011  |  8274 views  |  0 comments
CBA replaces ATM fleet with EMV-enabled machines

CBA replaces ATM fleet with EMV-enabled machines

21 November 2011  |  9709 views  |  1 comments
CommBank makes NFC play with Kaching

CommBank makes NFC play with Kaching

25 October 2011  |  9770 views  |  2 comments
CommBank makes big mobile push

CommBank makes big mobile push

12 July 2011  |  9821 views  |  0 comments
ANZ contactless m-payments trial disappoints

ANZ contactless m-payments trial disappoints

28 June 2011  |  10843 views  |  1 comments
MasterCard to make contactless standard in Australia and New Zealand

MasterCard to make contactless standard in Australia and New Zealand

30 March 2011  |  11712 views  |  0 comments
RBA calls for Australian payments innovation

RBA calls for Australian payments innovation

29 March 2011  |  14969 views  |  2 comments
ANZ and Visa trial contactless iPhone case

ANZ and Visa trial contactless iPhone case

15 March 2011  |  11586 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.abe-eba.eu

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10257 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9610 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9451 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8444 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7922 views comments | 1 tweets | 2 linkedin