CBA Launches CommBank App with NFC Payments Support

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The Commonwealth Bank of Australia (CBA) has combined its existing CommBank and Kaching apps into a new CommBank app with the inclusion of NFC payments.

The revamped app will be available for iOS, Android, and Windows Phone 8 (WP8), yet WP8 will miss out on the payment functionality. NFC payment will be supported using the secure element built into Android devices, but the exact devices to be supported were not announced by CBA.

Since iOS devices lack a built-in NFC element, they will need a MasterCard PayTag sticker on the back to provide compatibility with MasterCard’s PayPass technology. Users who wish to make use of the payments functionality in the app will have to pay a one-time AU$2.99 fee.

Other functions offered in the app include new swipe gestures to quickly see a nominated account balance and ATM locations, the ability to pay bills via QR codes, changing a card PIN number within the app, and Kaching functionality that allows for payments via Facebook, e-mail, or phone number.

The bank said that it has seen contactless payments grow sixfold in the past 12 months, and that Australia is the leading PayPass market in the world.