30 May 2017
Visit cib.db.com

Bendigo Bank unveils QR code-based mobile payments service

12 June 2014  |  6513 views  |  1 Woman shopping with Tablet Computer 2

Australia's Bendigo Bank has teamed up with Samsung to launch a QR code-based instore mobile payments system that gives customers 'cred' that can be donated to charity every time they make a purchase.

Available to any Australian with a compatible smartphone, the redy Android and iOS app can be linked to a Bendigo Bank account or any Visa or MasterCard card. Then, shoppers pay by using their handset to scan a QR code displayed on a Samsung tablet at participating merchants.



The bank says that retailers in Melbourne, Adelaide, Bendigo, Tasmania and Victoria have all signed up, with many more in place to join over the next few months as a national redy network is built up. Merchants pay $25 a month for the Samsung tablet as well as a 1.25% cut of transactions.

When shoppers pay using the app they also earn 'creds' that can either be used to make savings on future purchases or donated to charities. Customers gets 0.5% of each transaction back in the form of creds, with each cred worth one dollar.

The bank is also promising to add new features to the redy platform in the near future, including person-to-person payments and greater analytic capabilities for merchants.
KeywordsEFTPOS

Comments: (1)

John Candido
John Candido - Black Cabs - Melbourne | 13 June, 2014, 05:54

I have downloaded the app and I cannot wait to use it.

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

Powa buys MPayMe in $75m deal

Powa buys MPayMe in $75m deal

12 June 2014  |  7590 views  |  1 comments | 5 tweets | 7 linkedin
Standard Bank launches QR code-based mobile payment scheme

Standard Bank launches QR code-based mobile payment scheme

21 May 2014  |  12856 views  |  0 comments | 12 tweets | 13 linkedin
PayPal turns to QR codes for latest assault on in-store payments

PayPal turns to QR codes for latest assault on in-store payments

08 October 2013  |  11761 views  |  0 comments | 11 tweets | 13 linkedin
UniCredit taps First Data for QR code-based mobile payments

UniCredit taps First Data for QR code-based mobile payments

24 September 2013  |  9118 views  |  1 comments | 4 tweets | 9 linkedin
Aussie bank launches online social community for people with plans

Aussie bank launches online social community for people with plans

22 February 2010  |  5771 views  |  2 comments | 1 tweets

Related company news

 
visit www.wavestone-advisors.co.ukvisit www.response.ncr.comVisit www.capgemini.com/worldreports

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
15096 views comments | 54 tweets | 82 linkedin
Did someone cancel the fintech revolution?Did someone cancel the fintech revolution?
8025 views comments | 32 tweets | 18 linkedin
R3 raises $107mR3 raises $107m
8024 views comments | 17 tweets | 16 linkedin
Digital payments to drive social justiceDigital payments to drive social justice
7970 views comments | 25 tweets | 12 linkedin
Bank of America preps data sharing serviceBank of America preps data sharing service
7922 views comments | 21 tweets | 19 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job