In addition to enhancing the CommBank app, Commonwealth Bank has also announced two new NFC payment solutions to enable customers to make contactless payments through their smartphone.
Coles has launched the Coles Mastercard Pay Tag as part of a consumer trial of its contactless payment technology.
A majority of consumers in the Asia Pacific agree mobile phones will be more an important payment method in the future but in order for that to happen consumers want more and better access to mobile services, according to findings by SAP.
Coles is giving a sample group of customers the chance to pay with their credit card and earn flybuys points using their smartphone.
At an event last week in New York, Google, Citi, MasterCard, First Data and Sprint announced and demonstrated Google Wallet, an app that will allow phone users to tap, pay and save money while shopping.