Westpac bank has announced the launch of a new pilot app for wireless payment systems in collaboration with MasterCard.

 

The Android Mobile Contactless Payment app will see users be able to tap their phone on a near field communication (NFC) MasterCard PayPass payment system.

 

Westpac's Head of Mortgages, Cards and Merchants, Axel Boye-Moller said Westpac is committed to embedding mobile payments into all aspects of its core business and providing a product offering that redefines the customer experience.

 

“Online and mobile are the cornerstone of Westpac's business. Currently 3.4 million Westpac customers are digital customers, 43 per cent of whom use their mobile phone to process payments online. The pilot enables simple mobile payments for purchases and reflects our approach towards progressive payment solutions for our customers," Mr Boye-Moller said.

 

The announcement by Westpac follows the successful trial of NFC based transactions by the Bank of New Zealand earlier this year.