CommBank customers will soon be able to buy things using a new line of Garmin smartwatches.
The bank also announced yesterday Android Pay will be available to its customers before the end of the year.
Android Pay allows customers to make secure tap-and-go payments with their Android compatible devices. It’s available at almost 800,000 stores across Australia, wherever contactless payments are accepted.
Turning to wearables, when Garmin’s new smartwatches land in Australia next month CommBank customers will be able to use the devices to make instore payments by tapping their smartwatch at the point of sale. These smartwatch payments will be available across Android and iOS phones.
Michael Baumann, GM Everyday Banking & Payments, Commonwealth Bank, said CommBank’s 4.4 million app users now have more ways than ever to pay.
“In June this year we saw weekly transactions across the CommBank app hit $6.1 billion so we know customers love using their phones to make payments and do their banking.”
CommBank customers have been able to use their smartphones to make payments since 2013. By offering customers the ability to pay with Android Pay and with their Garmin smartwatches the company claims to combine choice and convenience.
Android Pay complements the CommBank app’s Tap & Pay functionality allowing customers to make contactless payments using an Android smartphone of their choice. The CommBank app digital wallet also allows customers to store and use their favourite store loyalty cards and simply and easily transfer money to family and friends.
For customers who use an iOS device, CommBank has offered contactless payments via an optional PayTag sticker for more than three years. Customers can use the PayTag sticker to make contactless payments up to $100 by simply tapping their phone.
Recent changes to CommBank’s Tap & Pay will allow customers to choose their preferred way of making payments with their mobile phone. Customers can set up Tap & Pay in the CommBank mobile app, and select between the convenience of simply powering up the phone to tap at the POS, using the smartphones device security such as Touch ID to tap, or opening up the CommBank app to tap.