ANZ's new Mobile Pay app for Android supports "the broadest range of cards on offer," according to the company.
Consumers using mobile payments technology have cast aside their debit cards and now use their mobile phone for many purchases, particularly when buying groceries or takeaway meals.
Square, the California-based payments technology company started by Twitter co-founder Jack Dorsey, has opened in Australia with the launch of its Melbourne headquarters.
The ANZ claims banking will be safer and easier for its customers with the planned introduction of new technology to its ATMs and enhancements to its FastPay app for processing credit and debit cards through mobile devices.
In what is claimed as a wearable tech first, Australian tailor and menswear company M.J. Bale has teamed up with the Heritage Bank and Visa to create a suit with a contactless payment chip and antenna fused into the sleeve.
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