Apple Pay comes in for ANZ customers in Australia
ANZ will offer Apple Pay to its five million customers in Australia from today.
Customers will be able to use the system for purchases wherever contactless payments are accepted with either an ANZ Visa debit or credit card or an ANZ American Express credit card.
ANZ Chief Executive Officer Shayne Elliott described it as "a watershed moment in the adoption of mobile payments in Australia".
"I'm proud we're the first major Australian bank to offer Apple Pay and we are confident the convenience, security and privacy will be well received by our customers.
"With the high adoption rates of contactless payments in Australia, our customers will be world leaders in their ability to use their mobiles to make the vast bulk of essential payments," Mr Elliott said.
More than 60% of all card transactions in Australia are now contactless and accepted across in excess of 70% contactless merchant payment terminals.
Security and privacy is at the core of Apple Pay, so when used with a credit or debit card, the actual card numbers are not stored on the device, nor on Apple servers, ANZ said.
Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element of the device.
Each transaction is authorised with a one-time unique dynamic security code. Apple Pay is easy to set up and users will continue to receive all of the rewards and beneﬁts offered by credit and debit cards.
In stores, Apple Pay works with iPhone SE, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus and Apple Watch.
Online shopping in apps accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there's no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information.
When paying for goods and services within apps, Apple Pay is compatible with iPhone 6 and later, as well as iPad Air 2, iPad mini 3 and iPad Pro.
For information on how to set up Apple Pay on your device customers can visit anz.com/applepay