ANZ launches mobile payments service for Android smartphones

ANZ launches mobile payments service for Android smartphones

ANZ has followed in the footsteps of compatriot NAB with the launch of a new mobile payment service for Android smartphones, ANZ Mobile Pay, as the country's biggest banks continue their boycott of iOS rival Apple Pay.

ANZ Mobile Pay is available for download from the Google Play store from today. Once installed, customers just need to tap their card against the phone, then enter their date of birth and mobile number, and finally choose their preferred payment option.

User can add a range of ANZ Visa and American Express credit cards, as well as ANZ Visa Debit cards and can also withdraw money using their phone at supported contactless-enabled ANZ ATMs. PIN code entry is required for purchases over $100.

ANZ managing director products and marketing Matt Boss says: “Given Australians are already the most prolific users of contactless payments in the world and the fact that Android is a major player in the local smartphone market, we believe ANZ Mobile Pay will be a popular addition for many of our customers.”

Apple launched its own mobile payment service in Australia last year, but, as in Canada, the consumer tech powerhouse has found it a hard sell to the local banking community which is resistant to Apple's model of taking a 15bps slice of interchange revenue in return for their compliance.

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