Macquarie Group, an investment banking and diversified financial services group, has teamed up with Google to offer Android Pay to its credit cardholders in Australia.
The contactless payment system works on just about any Android phone equipped with an NFC chip. The users will have to download the Android Pay app and have an eligible American Express, Visa branded credit or debit card to start making payment.
Android Pay is available at stores across Australia, wherever contactless payments are accepted.
Macquarie banking and financial services group head of personal banking Ben Perham said that from today, Macquarie cardholders will be able to use their Android device to seamlessly make contactless payments on their credit cards.
“With just one tap of their mobile phone, Macquarie credit cardholders can now make secure payments using Google’s Android Pay.
“Offering Android Pay is the latest step in Macquarie’s approach of supporting innovative digital solutions to make banking simpler and more convenient for our customers,” Perham added.
Macquarie said that it will also make Android Pay available to its debit cardholders, part of its real-time deposits offering built over the past two years on Macquarie’s new Core Banking platform.
Google senior director of product management Pali Bhat said: "We're excited to bring the simplicity and security of mobile payments to Macquarie customers with Android Pay.
“Starting today, people will be able to use their Android device to pay at almost 800,000 contactless payment terminals in Australia."