ANZ the first Australian bank to sign on for Apple Pay

Thursday 28 April 2016

Article by Roisin Kelly-Goldsmith

Five million ANZ banking customers can start using Apple Pay on compatible devices thanks to a partnership with the tech giant in an Australian first today.

ANZ the first Australian bank to sign on for Apple Pay

“The introduction of Apple Pay is a milestone in our strategy to use digital technology to provide our customers with a superior experience,” ANZ CEO Shayne Elliott said in a statement.

Contactless payments are increasingly popular in Australia and account for 60% of all card transactions, with more than 70% of merchant payment terminals accepting them.

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“With the high adoption rates of contactless payments in Australia, our customers will be world leaders in their ability to use their mobiles to make the vast bulk of essential payments,” said Elliott.

An Apple Pay transaction involves a cardholder hovering their Apple device over a contactless payment terminal and approving the purchase with the touch of a fingerprint. Consumers with the technology can also use their fingerprint to buy things online on sites that accept it.

Now Australian AMEX cardholders are also eligible to make these transactions.  

“Australians with American Express cards, those issued directly by us, and by ANZ, can enjoy the ease and convenience of paying with Apple Pay whilst earning rewards,” one AMEX spokesperson said.

ANZ customers can install Apple Pay if they have an iPhone SE, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, Apple Watch, and the latest versions of iPads. Australians wanting to get started with the new technology can visit the ANZ website here.

For more information on the rise of contactless payments in Australia, try reading Mozo’s guide to payWave and PayPass.

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