ANZ launches new digital wallet dubbed “Mobile Pay”

Mobile wallets which allow you to make purchases under $100 with the tap of your smartphone have been around for a while from providers like CommBank, Westpac and Optus. Now one of Australia’s biggest banks ANZ has joined the smartphone payment revolution.

With ANZ’s Mobile Pay, customers will not only be able to make “tap and pay” purchases at the checkout with their smartphone but will also have the option of making cash withdrawals at the ATM.

RELATED: Australia tipped to be first to go cashless

“ANZ Mobile Pay delivers a payments solution for our customers to help them take full advantage of the rapidly changing digital environment we live in, including the ability to withdraw cash from contactless-enabled ANZ ATMs with a tap of their phone,” said Products and Marketing Director Matt Boss.

The app is available for download from the Google Play store to Android smartphones and was described by Boss as “another demonstration of ANZ’s commitment to providing customers with innovative solutions to make their lives easier.”

Once the app is downloaded onto the customer's phone, the user will need to tap their existing credit or debit card against the phone to add it to the app (creating a digital version of the card). The customer will then be able to tap with their mobile phone for contactless purchases under $100 and enter a PIN into the app for payments over $100.

“Given Australians are already the most prolific users of contactless payments in the world and the fact that Android is a major player in the local smartphone market, we believe ANZ Mobile Pay will be a popular addition for many of our customers.”

For more info on the revolutionary technology of digital wallets, read our guide here. Alternatively head on over to our debit cards section to see what other new tech features are available from Australia’s major banks.

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