The New Zealand bank becomes the second bank in the country to launch the payment method (ANZ being the first to launch it in 2006), due to the fact that a large number of its mobile banking service users have iPhones.
Customers will need either a Visa Debit or Visa Credit card to be able to use the service, and can sign up using the BNZ mobile banking app.
A simple wave is enough for payments up to USD 80. Transactions over than amount are also available, but require the PIN. A persons credit or debit card details are not stored on their phone, only a unique generated number being used when purchasing.
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