Close
 

ANZ goes its own way with planned mobile wallet upgrade, still talking with Semble

  • Technology
  • March 27, 2015
  • StopPress Team
ANZ goes its own way with planned mobile wallet upgrade, still talking with Semble

Semble, a joint venture between banks and telcos (and supported by Samsung), announced its arrival last year (and is holding a special event on Tuesday), and there are plenty of other ways to pay without using notes or coins. Now the country's biggest bank is joining the fun with its own solution: an update to its goMoney app that will turn your phone into a mobile wallet. 

ANZ's goMoney is New Zealand’s most popular mobile banking app, with over 500,000 downloads, and the upgrade, which is set to launch later this year, will enable customers to make contactless payments with a tap of their smartphones (perhaps the app worm has turned, as it's being launched on Android first). ANZ says 120,000 customers will meet the criteria of a compatible Android smartphone, ANZ goMoney and an ANZ debit card or personal credit card for the new mobile wallet. 

"The ANZ goMoney Wallet will transform the way New Zealanders pay for goods and services,” says Liz Maguire, ANZ’s Head of digital channels and transformation. "Mobile wallet is the next evolution in payments, enabling customers to use smartphones to make everyday credit or debit card purchases – such as coffee, petrol or groceries. Our goal is for thegoMoney Wallet to be the most accessible, secure and easiest to use mobile payments solution in New Zealand.”

ANZ's projections are that one in five transactions will be contactless by the end of 2015 and that number will steadily increase, and the key benefit of the goMoney Wallet is that it will be within the existing app, removing the need for a separate app, sticker, attachment or SIMcard upgrade. Using host card emulation (HCE) technology, it says the wallet will feature "the most advanced encryption technology to protect customers’ financial information". And despite some who believed the contactless technology (generally able to be used for purchases under $80 without a pin) was ripe for ripping off, not much seems to have happened in that regard. It seems akin to the fear many had of online purchases back in the day, which has all but disappeared as e-commerce gains prominence. 

Last year, Australian financial institution CUA launched an HCE (host card emulation) app and labelled it a first for the Asia-Pacific region. 

As for Semble, which launched with a bang and involves 2degrees, Spark, Vodafone, Paymark and banking partners ASB and BNZ, ANZ says it "remains in dialogue" and "will continue to watch Semble’s progress with interest following its launch". 

Initially, the Semble mobile wallet will only include the ASB and BNZ cards (it planned to have some Air New Zealand Airpoints-earning GlobalPlus cards, but that marriage has recently broken up), but chief executive Rob Ellis said there are plans to extend it to include additional bank cards, loyalty cards and public transport cards in the future.          

"Soon smartphone users will be able to purchase goods and services via their smartphones and know instantly whether they’re due that free coffee or voucher without rifling through their collection of loyalty cards amassed over the years,” says Ellis.

ASB and Westpac have been trialling PayTag technology, which is is basically the equivalent of sticking a smaller version of your bank card on your phone, and Westpac, which pulled out of Semble, also offers MasterPass, which claims to provide quicker online purchases. 

Vodafone has also worked with Visa and BNZ to create Smart Pass, which, like Semble, it hopes to extend to loyalty cards, security passes and tickets. 

Most of the mobile payment solutions so far have been fairly messy, restrictive or not enough of an improvement on simply getting the card out of your wallet and paying, but with smartphone penetration expected to grow to 90 percent by 2018, NFC a standard feature in new models and phones almost constantly with us, it's only be a matter of time before the bank card becomes a remnant of the past. 

This story was originally published on StopPress.

​ ​

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.

 

Eat my Lunch opens its first physical store

  • News
  • July 23, 2019
  • Courtney Devereux
Eat my Lunch opens its first physical store

The popular buy one give one model of Eat My Lunch has officially opened its first retail store in Auckland’s downtown Britomart. The store maintains its charity initiative, supplying a Kiwi kid lunch with every $14 spent.

Read more
 
 

InStyle names All Is For All’s Grace Stratton a ‘Badass Woman’

  • News
  • July 18, 2019
  • The Register team
InStyle names All Is For All’s Grace Stratton a ‘Badass Woman’

Grace Stratton, the 20-year-old founder of specialty ecommerce site All Is For All, has been named one of 50 global Badass Women by US glossy magazine InStyle. The list includes international celebrities like Mindy Kaling and businesspeople like Stitch Fix chief executive Katrina Lake.

Read more
 
 

Wellbeing in the workplace: Here's how its affecting your staff, and your bottom line

  • Opinion
  • July 18, 2019
  • Elly Strang
Wellbeing in the workplace: Here's how its affecting your staff, and your bottom line

Idealog editor Elly Strang recently spoke at the Magazine Publishers Association conference about the importance of wellbeing in the workplace, and the key takeaways from Wellness Month. She shares why it shouldn't be thought of as a luxury nice-to-have, like yoga classes, as research is showing it impacts on your bottom line, as well as some tips on how to create change in the workplace.

Read more
 

Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

 
topics
Regional rollercoaster
What does retail look like in 2019 for ...
Concept to closet
Business coverage of New Zealand Fashion Week.
Town centres
A positive retail environment over the past 12 ...
Amazon Arrival
Keeping up with all things Amazon as it ...
The Retail Yearbook 2017
As we battle our way through the busiest ...
Hospitality enhancing retail
Some think food and integrated hospitality offerings will ...
The future is bright
We spoke with four retailers in their twenties ...
Spotlight on signage
At first glance, the humble in-store sign might ...
Red Awards 2016
The Red Awards for retail interior design celebrate ...
Auckland Unitary Plan
Auckland is changing. The Unitary Plan will decide ...
How to open a store
Sarah Dunn considers what it would take to ...
All things to all people
Kiwi retailers share their omnichannel strategies.
Rising stars
Retail's top young achievers.
Delivering on your promises
The sale isn't over until your item is ...
Retail in heartland New Zealand
Retailers keep the regions pumping, but how strong ...
Sisterhood
Women in retail help one another. We spoke ...
The changing face of retail
Shifting demographics are creating big changes in New ...
The retail yearbook
With the help of experts in the retail ...
Retail rogues
We put the spotlight on staff training. Jai ...
Here come the giants
Topshop has arrived in Auckland’s CBD, David Jones ...
From retail to e-tail
Ecommerce has become part of the way mainstream ...
Window shopping: A spotlight on social media
Sarah Dunn and Elly Strang look at how ...
Loyalty in the digital age
How are retailers maintaining loyalty? Sarah Dunn, Elly ...
The Innovators | In partnership with Spark Business
Technology is rapidly changing the retail industry as ...
 

How HomeAR is incorporating AR into architecture design

  • technology
  • July 18, 2019
  • Courtney Devereux
How HomeAR is incorporating AR into architecture design

Many people struggle to envision plans from simple 2D renders and floor plans, as without a designer's eye, filling in blanks from imagination isn’t the most reliable method when it comes to something as important as building a brand-new home or store. Reactar has launched an augmented reality-based platform, HomeAR, to counteract this, which allows users to see and engage with homes in a virtual way, making the very personal process more reliable.

Read more
 
 

Simon West is the new chief executive of Torpedo7

  • Who's Where
  • July 18, 2019
Simon West is the new chief executive of Torpedo7

Simon West, who has 20 years' experience leading companies like Ezibuy, has been appointed the chief executive of The Warehouse Group's outdoor retailer Torpedo7.

Read more
 

Bay of Plenty D2C Saltysea opens its first store

  • Design
  • July 17, 2019
  • Sarah Dunn
Bay of Plenty D2C Saltysea opens its first store

Stephanie Saxton has been selling cheeky swimsuits and ethical activewear online out of Bay of Plenty's Athenree since 2018. She's now opened Saltysea's first bricks and mortar store, the Salty Collective.

Read more
 
Next page
Results for
Topics
Jobs
About us.

The Register provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2015 Tangible Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.

Advertise
The Register

editor@theregister.co.nz

Content marketing/advertising? Email anita.hayhoe@icg.co.nz or call 022 639 3004

View Media Kit

}