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.


Readings present revised plan for Courtenay Central

  • Property
  • May 16, 2019
  • Radio New Zealand
Readings present revised plan for Courtenay Central

The company that owns Courtenay Central in Wellington says it has big plans for redeveloping the complex - which is closed due to earthquake risks.

Read more

How to tell if you're a born retailer

  • Opinion
  • May 16, 2019
  • David Farrell
How to tell if you're a born retailer

Retail is a profession, but true retailers are born not made, says Dave Farrell.

Read more

Sustainable soap wrapper among major winners at Pride In Print Awards

  • Opinion
  • May 15, 2019
  • Sue Archibald
 Sustainable soap wrapper among major winners at Pride In Print Awards

A sustainable, heat sealed soap wrapper that is claimed to saving tonnes of PET plastic film, petrochemical wax and glue from landfill each year, has won a major award in the Pride In Print industry awards. Sue Archibald, Pride in Print Awards manager, shares more.

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.

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 ...
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 ...

Inside Little Yellow Bird’s equity crowdfunding campaign

  • News
  • May 15, 2019
  • Sarah Dunn
Inside Little Yellow Bird’s equity crowdfunding campaign

Wellington social enterprise Little Yellow Bird is seeking to scale its ethical apparel operation to the next level with an equity crowdfunding campaign.

Read more

Auckland design agency wins gold for retail packaging

  • News
  • May 14, 2019
  • Courtney Devereux
Auckland design agency wins gold for retail packaging

As a benchmark for impeccably designed packaging of consumer products, The Dieline Awards this year saw creative agency Onfire walk away with recognition for fantastic design for their retail products. We spoke with Matt Grantham, creative director at Onfire Design, about the importance of a strong visual brand in the retail product sector.

Read more

BYO containers policy live from June 1 at Foodstuffs stores

  • News
  • May 14, 2019
  • Sarah Dunn
BYO containers policy live from June 1 at Foodstuffs stores

Customers at Foodstuffs supermarkets’ instore butchery, seafood counter, delicatessen and bakery will be able to have food packed into their own clean, leak-proof containers from June 1.

Read more
Next page
Results for
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.

The Register

Content marketing/advertising? Email or call 022 639 3004

View Media Kit