ANZ bolsters wearable payment options

ANZ bolsters wearable payment options

ANZ customers can now use Garmin Pay after the Australian bank signed a partnership with the wearables brand. They will need an account and one of its vívoactive 3 devices to pair with their Apple or Android smartphone. They will then be able to load their eligible Visa debit or credit cards through the Garmin app to make purchases anywhere contactless payments are accepted.

ANZ Managing Director Products Bob Belan says: “We are determined to bring our customers new payment experiences so they can pay the way they want to. We’re pleased to be partnering with Garmin to bring our customers a payment option with one of the world’s leading wearable device companies that has a proven track record in innovation. The wearables market continues to grow with more than 26 million devices shipped worldwide in the third quarter of 2017 alone, so we know our customers will appreciate the ability to pay on their Garmin device.”

What no Apple Pay?

Although often touted as a mobile payments front runner, Apple Pay’s roll-out in Australia has been far from straightforward, with ANZ the only member of the big four banks to adopt the service, following a failed bid to collectively bargain with third party mobile providers such as Apple over the likes of digital wallet choice and innovation. Meanwhile, Westpac, the Commonwealth Bank of Australia and the National Australia Bank are working on a joint venture, Beem, focused on developing a mobile wallet for iOS and Android users.

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