Credit card customers set for contactless payments at 7-Eleven

Consumers searching for cheap credit cards will soon be able to make contactless payments at a chain of convenience stores.

Retail firm 7-Eleven revealed to the Australian it plans to install equipment enabling its customers to make use of their plastic in this way on purchases under $100.

Provided by ANZ Bank, the new technology makes use of radio waves to allow cheap credit cards customers to use it to pay without having to hand the plastic to a cashier.

The newspaper revealed each of the 388 stores in New South Wales, Victoria and Queensland will be given the opportunity to upgrade their terminals after the lease on the old ones expired.

It will see the visa-developed equipment being installed later this year, the article explained.

Meanwhile, ANZ revealed it will follow St George Bank, Westpac and Commonwealth Bank by reducing fees on everything from its credit cards to home loans.

It explained the details would be announced within weeks.

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