New Zealand’s first mobile wallet app has pulled the plug on contactless payments. Consumer NZ reported in November last year that contactless payments made up 15 percent of point-of-sale transactions and 10 percent of point-of-sale spend, so, we asked, what’s gone wrong?
A new Kiwi company is taking on the likes of Semble with technology that lets shoppers check out product information through their smartphones. Called TapMe, it lets customers access promotions, video content and additional information all by directing their phone towards to the price tag of products in store.
New Zealand’s first mobile wallet Semble has revealed the scale of Zealand’s contactless payments market, with just under a quarter of terminals in New Zealand allowing contactless payments. This follows a report released Monday by Retail NZ, which found contactless debit and credit card payments could potentially cost retailers billions in fees over the next 10 years.
The company behind New Zealand’s first mobile wallet has announced today that it is expanding into public transport. The expansion is part of Semble’s plan to become a one-stop mobile shop for every card in a person’s physical wallet, CEO Rob Ellis says.
Young Male Entrepreneur of the Year, law student and New Zealand representative in business strategy, Jesse Medcalf, discusses why retailers need to keep up to date with technology to retain Millennial engagement and loyalty.