Through this move, AP+ and Google intend to enable merchants to choose to have more payments routed through the lower-cost EFTPOS network. Among the first issuers to go live with EFTPOS multi-network debit cards in the Google Wallet are ANZ and Suncorp Bank, with plans to include other issuers throughout 2025. With multi-network debit cards, payments can be processed either via the EFTPOS network or through one of the international debit networks like Mastercard or Visa.
The news follows AP+’s announcement from June 2024, when the company made its ConnectID service available to ANZ Plus customers. The partnership allowed ANZ to solidify its security features for its ANZ Plus customers by reducing data sharing and safeguarding customers against identity theft and fraud. Additionally, the move mitigated the need for proof of identity documents, instead allowing ANZ Plus customers to ask a participating business to authenticate them by utilising the information they already trusted ANZ Plus to oversee.
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