Australia's Eftpos contracts with C-Sam for mobile wallet

Australia's Eftpos contracts with C-Sam for mobile wallet

Eftpos Australia says it will begin mobile payments trials with selected Australian retailers in the next few months.

Eftpos - which is owned by 14 of country's largest banks and retailers - accounts for almost 80% of debit card transactions processed at the point-of-sale in Australia.

The company has signed a five-year agreement with C-Sam to provide an eftpos mobile wallet and NFC widget. Eftpos CEO Bruce Mansfield says that in addition to mobile payments, the technology could also enable new services such as offers, loyalty and transfer of receipts.

"After almost 30 years in the market as Australia's most used payment card network at the point of sale, eftpos is now looking at new ways to pay," he says. "This agreement will enable eftpos to move into proof of concept trials very quickly, to test various solutions for the Australian market.

He says that the new wallet app will be developed as white label product that "could potentially be used by a number of Australian retailers or financial institutions".

Comments: (1)

A Finextra member
A Finextra member 15 May, 2013, 07:14Be the first to give this comment the thumbs up 0 likes

Fantastic news!