Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

1948 posts

Uber Geek
Inactive user

# 100045 2-Apr-2012 11:49
Send private message

Not sure if anyone else has seen this but.

2 April 2012
Paymark, Vodafone New Zealand, 2degrees and Telecom New Zealand today announced plans to bring the future of mobile payment services to New Zealand.

The four companies intend to form a joint venture to launch a trusted service manager (TSM) which will allow New Zealanders to make secure payments, collect loyalty points and use public transport with their mobile phones.

This exciting initiative will create the infrastructure necessary to enable many of the cards held in a wallet today – bank cards, loyalty cards or transport tickets – to be replaced by applications securely stored in a virtual wallet on a mobile phone.

The service will use near-field communications (NFC) technology, which is the global standard for this type of function, to enable the secure transfer of information stored on the customer’s phone to a retailer’s EFTPOS terminal.

At the check out, customers will be able to make payments by simply holding their mobile phone within a couple of centimeters of an NFC enabled payment terminal. The mobile phone communicates remotely over this small distance directly with the NFC reader to complete a transaction. The payment software is located in a secure part of the customer’s phone and the payment transaction is sent over the banking network the same way it is today.

This landmark collaboration between two significant NZ business sectors will bring together the expertise and technology of New Zealand mobile network operators with payments provider, Paymark.

This collaborative approach to developing the NFC ecosystem will mean quicker development of new and innovative services delivered in a seamless way to customers, while lowering costs and simplifying the process for merchants. New Zealand’s payments industry has a history of successfully building shared
infrastructure through collaboration, and this new joint venture plans to emulate that success for the next generation of technology.

Paymark CEO, Simon Tong, says the collaboration between Paymark, Vodafone New Zealand, 2degrees and Telecom New Zealand will result in an effective infrastructure that will benefit all New Zealanders.

“It’s the first time this particular mix of organisations has come together to provide a centralised TSM which will offer world-class, yet low-cost infrastructure – something New Zealand is well-known for around the world. Our priority is to ensure that the technology adheres to the most rigorous global standards so that customers have a great and safe experience with the applications provisioned using the technology,” says Simon Tong.

Based on the collaboration of the four parties, the aim is to create an ecosystem open to all, where banks, mobile operators and others such as loyalty schemes, transport companies etc can take part. The TSM is being built with the intention of providing one, open-access, solution for the New Zealand market, to help encourage wide-spread consumer uptake and avoid customer confusion.

In the telco space, Telecom, Vodafone and 2degrees will continue to compete vigorously for customers by developing their own innovative services on top of the open platform infrastructure provided by the TSM.

Telecom CEO, Paul Reynolds, says that as we saw with the arrival of EFTPOS in the 1980s, New Zealanders have a track record of being early and enthusiastic adopters of transformative payments technology.

“Mobile phones are already an indispensible part of New Zealanders’ lives. Through the TSM initiative, Telecom is proud to be helping make the Smartphone even more versatile, building on the innovation and choice we offer to our customers across New Zealand.”

2degrees CEO, Eric Hertz, comments: “Over the past decade, our mobile phone has swallowed our newspaper, our map and our camera to become an essential all-inone device. The logical next step is to make it even more convenient by having it swallow our wallet, and making it the only thing you need to grab when you leave the house in the morning.”

Vodafone CEO, Russell Stanners, says turning a smartphone into a mobile wallet is yet another innovation from the New Zealand mobile industry.

“The mobile phone has been transforming the way we live for almost 20 years, and alongside our wallet and keys, is the item most people never leave home without. By partnering with the mobile and banking industries to develop the TSM, Vodafone is pleased to give New Zealanders yet another reason to live life on their smartphone…and one day in the near future, leave their wallet at home for good.”


For all media enquiries please contact Kelly Bennett, Eleven PR, on 021 380 035 or via email:

I personally think this is very very cool stuff.  But I am biased :)

Create new topic
1086 posts

Uber Geek


  # 603957 2-Apr-2012 16:10
Send private message

I would be interested in this but:

Not sure about which technology platform you plan to use?
Is it maybe going to be sim based (gets around phone compatibility issues)?
Are you going to charge me money to use it or store my money on it?


1948 posts

Uber Geek
Inactive user

  # 603987 2-Apr-2012 16:33
Send private message

I'm pretty sure (and this is taking my own personal non-Telecom related knowledge from my life before Telecom) that this will be Sim card based.  As that would mean your wallet would be completely independent from your phone.

And I would assume similar to all other micro-payment NFC cards it would support putting money into the secure element of the Sim Card.

All these details are my own pure speculation as to how it will all work.  But this is how I have seen it work elsewhere in the world and I couldn't see it being any different here.

Create new topic

Twitter and LinkedIn »

Follow us to receive Twitter updates when new discussions are posted in our forums:

Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:

Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:

News »

Arlo unveils its first video doorbell
Posted 21-Oct-2019 08:27

New Zealand students shortlisted for James Dyson Award
Posted 21-Oct-2019 08:18

Norton LifeLock Launches Norton 360
Posted 21-Oct-2019 08:11

Microsoft New Zealand Partner Awards results
Posted 18-Oct-2019 10:18

Logitech introduces new Made for Google keyboard and mouse devices
Posted 16-Oct-2019 13:36

MATTR launches to accelerate decentralised identity
Posted 16-Oct-2019 10:28

Vodafone X-Squad powers up for customers
Posted 16-Oct-2019 08:15

D Link ANZ launches EXO Smart Mesh Wi Fi Routers with McAfee protection
Posted 15-Oct-2019 11:31

Major Japanese retailer partners with smart New Zealand technology IMAGR
Posted 14-Oct-2019 10:29

Ola pioneers one-time passcode feature to fight rideshare fraud
Posted 14-Oct-2019 10:24

Spark Sport new home of NZC matches from 2020
Posted 10-Oct-2019 09:59

Meet Nola, Noel Leeming's new digital employee
Posted 4-Oct-2019 08:07

Registrations for Sprout Accelerator open for 2020 season
Posted 4-Oct-2019 08:02

Teletrac Navman welcomes AI tech leader Jens Meggers as new President
Posted 4-Oct-2019 07:41

Vodafone makes voice of 4G (VoLTE) official
Posted 4-Oct-2019 07:36

Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.