Coles launches mobile wallet for contactless payments in Australia

Tuesday 15 July 2014 10:36 CET | News

Coles, an Australian chain of supermarkets and liquor stores owned by conglomerate Wesfarmers, has launched its own contactless payment technology dubbed ‘Coles Mobile Wallet’, supported by MasterCard for iPhone and Android users.

Coles has also unveiled plans to provide personal loans and credit cards through a new joint venture with GE Capital Australia, the local arm of General Electrics retail credit-card business.

The 50-50 venture with GE Capital Australia is expected to begin operating in 2015, subject to regulatory approval. It is set to initially provide loans, Coles-branded credit cards and a mobile wallet—a credit card and store loyalty card in one that can attach to cellphones and tablets. The cards can be waved in front of sales terminals to pay for goods and collect reward points.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Coles, mobile, wallet, contactless, payments , Australia, MasterCard, iPhone, Android, GE Capital Australia, loans
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events