ANZ Mastercard customers can now tap-and-go with Apple Pay
Article by Shubhda Khanna Nag
The trend towards contactless payment apps continues as ANZ announced its Mastercard customers can now start using Apple Pay for tap-and-go transactions.
ANZ Managing Director Products and Marketing, Matt Boss said: “Our customers have responded really well to the launch of Apple Pay and now our customers can make mobile payments with Mastercard credit cards as well.
“Our customers want choice in the way they bank and where they bank, and we know our Mastercard customers, both consumers and merchants will be pleased with this news.”
ANZ was the first bank to introduce the mobile payment technology in Australia for its Visa and Amex customers four months ago. Since then around 250,000 ANZ Banking Group customers are estimated to be using Apple Pay.
Mastercard Australasia’s Head of Market Development and Innovation, Garry Duursma said: “Apple Pay is a great example of innovation in the payment space. Mastercard was the first in the world to offer contactless payments, and Australians are fast adopters with more than seven out of ten Mastercard transactions now made using contactless technology at over 750,000 terminals across Australia.”
ANZ customers will be able to make payments from their devices in store, within apps and soon on the web, if they have an iPhone SE, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, Apple Watch, and the latest versions of iPads.
Is it safe to use Apple Pay?
What makes Apple Pay a secure way to make payments is that the app doesn’t store the actual credit or debit card numbers on the device or on Apple servers, keeping all your account information safe. It assigns a unique Device Account Number which is encrypted and securely stored in the Secure Element of the device and each transaction is then authorised with a one-time unique dynamic security code.
"With Mastercard’s Digital Enablement Service (MDES) powering the secure tokenisation service for ANZ, cardholders can benefit from secure payments from their mobile devices everywhere contactless payments are accepted,” said Duursma.
If you’re looking for more ins and outs on how the digital wallet technology actually works, head over to our go-to guide for using Apple Pay.