ANZ Pushes Ahead With App, Contactless Revolution

Tom Burroughes

17 December 2015

Australia and New Zealand Banking Group is to offer Google’s Android Pay to clients so they can make contactless payments with Android phones, after being named an Australian launch partner for the mobile payment platform.

By the middle of next year, ANZ debit and credit cardholders in Australia can use the Android Pay channel where contactless payments are accepted.

ANZ also confirmed it will launch its own mobile wallet for Android in the first quarter of 2016, offering customers a choice of solutions. More than 60 per cent of all card transactions in Australia are contactless.

Among recent developments, ANZ at the start of October appointed Shayne Elliott, its chief financial officer, as its incoming chief executive when Mike Smith, current CEO, steps down in January next year. Originally from New Zealand, Elliott has more than 30 years’ experience in international banking including in Australia, New Zealand, Asia-Pacific and the Middle East. He joined ANZ as CEO institutional in June 2009. Smith will step down after eight years as CEO and as a director on 31 December.