Mastercard and NZ are working together to pilot the first mobile payments system to use near-field communication (NFC) technology in New Zealand.
The pilot will consist of ANZ employees, who will be issued with either an NFC-enabled memory card or a sticker (similar to those used by Bling Nation) to use in conjunction with their phones. The stickers can be used with any phone model although the MicroSD memory cards are only compatible with BlackBerry handsets. Then, using Mastercard's PayPass technology, participants will be able to make purchases of up to $80 simply by tapping their phones on NFC terminals.
Currently there are around 300,000 locations worldwide using the PayPass technology but ANZ will be working to install that in major chains across New Zealand. The technology should receive a wider launch later this year.
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