Optus launches NFC-based mobile payments

Android 'Cash by Optus' app offers contactless payments

Optus has launched a new Android app that supports contactless payments.

The new app, Cash by Optus, uses Near Field Communication technology for payments. The app can be used to for sub-$100 purchases at retailers that support payment via Visa payWave.

The app functions in a similar fashion to a prepaid debit card and requires value up to a maximum of $500 to be added to it before purchases can be made. The app is backed by Heritage Bank.

Optus customers need to order an NFC-enabled SIM from the telco. In most cases, the NFC SIM will mean that Cash by Optus can be used for purchases even when the handset's battery is flat, according to the telco.

The app "is a natural evolution for Optus," the telco's vice-president, mobile marketing, Ben White, said in a statement.

"We’re the first Australian telco to launch a mobile payments app, and because it’s compatible with many of the latest Android devices and can be linked to any Australian bank account, we’ve got a huge opportunity to bring this technology to a lot of people."

According to Visa, more than half of the face-to-face Visa transactions in Australia are made using the company's contactless payWave technology. There were some 64 million payWave transactions in September.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags optusGoogle Androidmobile paymentmobile paymentsNFC paymentsNFC

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Rohan Pearce

Rohan Pearce

Computerworld
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?