News
CARDS & PAYMENTS | Tony Chua, Australia
view(s)

MasterCard Australia's PayPass transactions reaches 1mn transactions

The card company expects all Australian MasterCard credit and debit cards will be PayPass-enabled by April 2014.

MasterCard Australia has announced that more than 1 million contactless PayPass transactions were recorded during the month of August.

According to Insider Retailing, this marks the first time that PayPass “Tap and Go” payments have surpassed the 1 million transaction milestone since the technology was introduced in Australia several years ago, indicating growing acceptance of contactless payments.

Insider Retailing estimates that there are 7 million PayPass enabled cards in use nationwide, issued by a number of major financial institutions including Commonwealth Bank of Australia, ANZ Bank, Bankwest, Macquarie Bank, HSBC, GE Money, ME Bank and Westpac.

Customers can use their PayPass cards at some 42,000 merchant terminals nationwide, including JB Hi-Fi, Bunnings, 7-Eleven, Caltex, Dymocks and McDonald’s.

View the full story in Contactless News.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.