ANZ’s eftpos cards now open to Apple Pay

ANZ Access card customers are now eligible to use Apple Pay.

ANZ’s eftpos cards now open to Apple Pay

ANZ is the first Australian financial institution to make in store eftpos, Australia’s own debit payments network, mobile payments available to almost 1.6 million ANZ eftpos Access cardholders.

In stores, Apple Pay works with models iPhone SE, iPhone 6 and later, as well as the Apple Watch.

Commenting on the new capability, ANZ Managing Director Products, Mr Bob Belan said: “ANZ has been at the forefront of mobile payment services for some time now. Today’s announcement offers our customers yet another great option for making convenient and secure purchases using their mobile device.

“We know from experience that Australian consumers increasingly want to use mobile payment services and so we’re happy to be working with eftpos in enabling Apple Pay as an option for our 1.6 million ANZ eftpos Access cardholders.”

In addition, for retailers, this move means a lower fee rate. In Australia, if a debit card is used via Apple Pay, there’s a roughly 0.55% fee to the merchant. Eftpos, however, drops this significantly to 0.15%.