Posted on 25-Mar-2015 14:54
Filed under: News
ANZ will release a mobile wallet later this year within ANZ goMoney, its own popular mobile banking app.
The wallet will be yet another enhancement to ANZ goMoney and will enable customers to make contactless payments with just one tap of their Android smart phones. The wallet will be available to an estimated 120,000 customers at launch.
“The ANZ goMoney Wallet will transform the way New Zealanders pay for goods and services,” said Liz Maguire, ANZ’s Head of Digital Channels and Transformation.
“Mobile wallet is the next evolution in payments, enabling customers to use smartphones to make everyday credit or debit card purchases – such as coffee, petrol or groceries.
“Our goal is for the goMoney Wallet to be the most accessible, secure and easiest to use mobile payments solution in New Zealand.”
The key benefit of the goMoney Wallet is that it will be within ANZ’s own mobile banking app, ANZ goMoney, removing the need for a separate app or SIM card upgrade. Payments can be made with just one tap.
Using host card emulation (HCE) technology, the wallet will feature an advanced encryption technology to protect customers’ financial information.
Ms Maguire said the project was on track for launch later this year.
Meanwhile, Semble has announced a media event for the 31st March. The group is a consortium of telcos and financial institutes, including 2degrees, Spark, Vodafone, ASB, BNZ and Paymark. Semble has been in a pilot test since November 2014 and it is expected to announce a consumer-ready service soon.