The Apple vs Android debate has hit the banks, as BNZ rolls out Android Pay with Krunch and Colenso BBDO in the wake of ANZ’s Apple Pay.
Approximately one million NFC-enabled smartphones are in use in New Zealand and as more and more humans become accustomed to paying via contactless terminals, those two technologies are edging ever closer. 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.
With innovations in digital payment methodologies, our society is becoming increasingly cashless. And, according to a new Mastercard survey, Kiwis are slowly becoming okay with that, with many starting to warm up to the idea of digital wallets. The survey of shopping habits showed 75 percent of New Zealanders regularly shop online and two thirds are open to the idea of using a digital wallet.
Several weeks ago, Spark released the latest iteration of its ‘Never Stop Starting’ positioning via a 30-second spot that depicted a protagonist using Spark’s mobile payment technology across a varied range of jobs in different locations. And the telecommunications giant isn’t the only one dabbling in this space. We take a look at some of the recent moves made the major players.
Having cash in the wallet is an increasingly rare phenomenon for many Kiwis. So is throwing your wallet into the bin in favour of using your phone or a digital currency an option in New Zealand? And what’s ‘coming soon’? We’ve cherry-picked a few interesting developments in the payment space.
Swipe HQ, a Kiwi offering with echoes of US payment technology Square, is on track to hit the market in August. But founder Manas Kumar, chief executive of local tech company Optimizer HQ, which listed on the German stock exchange this year, says it’s more than just a transactional technology. It’s an “end to end” business solution.