Major adopts Apple Pay

by Madison Utley22 May 2019

As of yesterday, Apply Pay was adopted by the third of Australia’s big four banks, leaving Westpac as the sole institution that has yet to make the payment method available to its customers.

Initially, the big four banded together in a concerted effort to keep Apple out of the market, creating the room necessary to make their own apps.

Now, NAB has joined CBA and ANZ in providing the service to its customers.

NAB chief customer experience officer Rachel Slade said, “We’ve been hearing from customers that they want Apple Pay and it’s great to be able to launch this service today.

“As part of our transformation we are investing significantly in our technology and digital services to support our Apple Pay customers with an easy, secure and private way to pay via their iPhone, Apple Watch, iPad or Mac. It is available for NAB personal and business customers with an eligible NAB Visa debit or credit card.”

The bank has said it will be alerting qualified customers about the arrival of Apple Pay, and will inform them as to how they can start using the service.

Apple Pay allows customers to make contactless payments with their phones and makes in-app and online purchases faster and more secure. Credit or debit card numbers aren't stored on the device used to make the purchase, nor on the Apple servers themselves. Instead, each transaction is authorized with a one-time unique dynamic security code.