NAB Pay: coming to a mobile phone near you

By Kelly Emmerton ·

NAB is set to launch a new Mobile Banking App later this year, which will give Aussie shoppers more control over when, how and where they use their debit and credit cards.

The app is designed to let NAB customers use and manage their cards through their mobile phones and other devices, in a similar way to recent payment mobile apps Apple Pay and Samsung Pay.

In an Aussie first, NAB customers will also be able to use their new credit cards as soon as they are approved, by making use of the digital contract feature in the new NAB Pay app. Customers won’t have to wait for their physical card to arrive in the mail, and can instead use NAB Pay for contactless transactions under $100.

“Our new App will be fast and seamless, and has been designed to make banking as convenient and easy as possible for our customers,” said NAB Executive General Manager of Consumer Lending, Angus Gilfillan.

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Innovative card transaction control features, which NAB developed in a partnership with Visa, will allow customers to choose when and how their debit and credit cards can be used through the app.

“Customers will be able to control what type of payments can be made through the App; for example, if you’ve provided a secondary card to a family member, you can choose “Don’t Allow” for online purchases on that card,” Gilfillan said.

The app also improves upon existing features in NAB’s current mobile banking platform, making it easier for customers to login, search for past transactions and view their account balances, as well as introducing new features, such as the ability to place a temporary block on lost or stolen cards.

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Customers will have the chance to provide feedback during a pilot of the new app. Opening soon, the pilot will be available to Android users first, through the Google Play Store, and in the coming weeks, will become available to users with iOS devices. NAB is planning to release new features on the app in stages during the pilot and after the official launch.

This week will also see the launch of NAB’s new PayTag - a sticker allowing customers to link their mobile devices to to their debit card in order to make contactless payments.

“We want to give our customers more control over their everyday banking, and our new App will help them to do this with the tap of a button,” Gilfillan said.

Are you ready to take control of your spending with a competitive piece of plastic? You can check out a side-by-side comparison of credit cards or a debit card comparison in our banking section.