ANZ is the first bank in Australia to make in-store eftpos mobile payments available to 1.6 million ANZ eftpos Access cardholders through Apple Pay.
Visa, American Express, and MasterCard credit and debit cards issued in Australia by participating banks already supported Apple Pay, but the addition of eftpos is notable as it's widely used in the country.
"Today marks a significant milestone for eftpos as we move from our traditional card based payment method into mobile, enabling consumers with an iPhone or Apple Watch to choose the eftpos account they wish their mobile payment to be made from, being either their eftpos CHQ/SAV account. Customers can set their account preference out of CHQ/SAV and then save themselves entering their account each time they pay. After providing trusted, secure card-based payments for 30 years, eftpos can now also be used to make mobile payments," Mr Jennings said.As Business Insider points out, support for eftpos reduces fees for both customers and retailers compared to other payment methods.
"About 1.6 million ANZ eftpos Access cardholders now have the opportunity to make payments on an iPhone or Apple Watch, many of whom may not have had the opportunity to make in store mobile payments before. As Australia's most used debit card network, we are thrilled to be providing ANZ eftpos Access customers with more payment choice, with added benefits of enhanced security and comfort."
Support for eftpos is now listed on Apple's Australian Apple Pay website and Apple Pay is available to ANZ Access card customers in Australia immediately.