Payment technology

CommBank partners with MasterCard, Samsung to offer customers PayPass capabilities

Commonwealth BankCommonwealth Bank recently partnered with MasterCard and Samsung Electronics Australia to offer customers PayPass capabilities via NFC-enabled Galaxy S4 devices.

“As Australia’s leading technology bank, we have successfully driven this innovation, working with MasterCard and Samsung, to bring our customers mobile payment solutions of the future, today,” Angus Sullivan, CommBank’s executive general manager of cards, payments, analytics and retail strategy, said. “Mobile wallets are poised to become a reality with the introduction of Tap & Pay, as customers embrace having greater control and access to their finances.”

Using the CommBank app on the Galaxy S4, customers can simply tap and pay to make secure payments at more than 220,000 PayPass terminals across Australia and at retailers worldwide.

“Alongside CommBank and Samsung, we have built a world first offering that places the power of mobile payment technology in the hands of Australians,” Matt Barr, the head of market development and innovation at MasterCard Australia, said. “We know Australians already love using PayPass, as more than 30 percent of MasterCard transactions today are made using contactless technology.”

Jenny Goodridge, the head of content and services at Samsung Electronics Australia, said the company is “very proud” to partner with MasterCard and CommBank.

“This announcement builds on the love that Australians already have with contactless payments and will enable them to now enjoy the convenience and simplicity of payments using a Samsung Galaxy S4,” Goodridge said. “Samsung constantly strives to deliver innovative products and services that can provide meaningful improvements to the everyday lives of customers.”

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