Australian bank Westpac has begun an NFC payments pilot, using Android handsets equipped with a secure element embedded in the SIM that stores a virtual MasterCard debit card.
“Those participating in the pilot will be instrumental in the application’s development as the program enables them to provide regular feedback on their experiences,” says Westpac. “Their insights will then be integrated into the final product offering to ensure that the solution offers a tailored mobile purchasing experience.”
Westpac is committed to embedding mobile payments into all aspects of its core business and providing a product offering that redefines the customer experience, says the bank’s Axel Boye-Moller. “Mobile banking represents a significant change in the way customers and banks do business and Westpac customers will be instrumental in helping design the final application,” he explained.