Commonwealth Bank adds new functionalities to its m-wallet service

Tuesday 6 May 2014 10:07 CET | News

Australian financial institution Commonwealth Bank has added three new functionalities for its mobile wallet product, online media outlet reports.

CommBank has added two options to the CommBank app which give customers access and control over their finances on-the-go.

The first functionality, dubbed Cardless Cash, is a cardless cash service which enables customers to use the CommBank app to withdraw cash without a card across CommBanks national ATM network.

The second functionality, dubbed Lock and Limit, enables CommBank credit card customers to lock certain transaction types and unlock them only when required and set a limit per transaction.

Finally, the third functionality, dubbed CommBank Small Business app, is an application which enables small business customers to accept on-the-spot payments, create estimates and invoices, and manage their cash flow and business operations from their mobile device.

In recent news, Commonwealth Bank has launched a mobile payment technology, dubbed QkR, for all Australian schools.

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: Commonwealth Bank, m-wallet, mobile wallet, cash withdrawal, app, Australia
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce