Skip to main content

ANZ Bank to offer Apple Pay

Monday, 02 May 2016

IA

First of the ‘Big 4’ banks to jump aboard.

ANZ Bank is the first of Australia’s ‘Big 4’ banks to allow its customers to use the Apple Pay service after brokering a deal with Apple.

The bank said that its “five million customers in Australia” could now take advantage of the service “wherever contactless payments are accepted with either an ANZ Visa debit or credit card or an ANZ American Express credit card.”

“The introduction of Apple Pay is a significant milestone in our strategy to use digital technology to provide our customers with a superior experience and will be a watershed moment in the adoption of mobile payments in Australia,” ANZ CEO Shayne Elliott said

“I’m proud we’re the first major Australian bank to offer Apple Pay and we are confident the convenience, security and privacy will be well received by our customers.

“Our customers will be world leaders in their ability to use their mobiles to make the vast bulk of essential payments.”

Until today, Apple Pay had been available only to American Express cardholders.

At the time American Express came on-board late last year, ANZ indicated it would “continue to watch emerging third party wallets” but said it remained focused on getting traction for its own digital wallet service, which is called GoMoney.

While security concerns have been raised about digital wallet services in the past, ANZ moved to reassure customers that the Apple Pay service is safe to use.

To read the full article, click here.