Optus’ new mobile payment system works even when your phone is flat
Optus has announced Cash by Optus, a contactless payment app for Android. Launched in collaboration with Visa and Hertiage Bank, Cash by Optus uses Near Field Communication and payWave technology, and can be used for purchases bellow AUD$100.
Using Cash by Optus requires an Optus monthly mobile plan, a compatible Android smartphone, and a Cash By Optus SIM. Compatible phones include the LG G3, Samsung Galaxy Note 4, Samsung Galaxy S5 and HTC One (M7). A complete list of compatible phones can be found on Optus' site. Cash by Optus is not compatible with iPhone.
The NFC-enabled SIM allows users to make payments without opening the app, and even when their phone is flat. Optus provides this SIM at no extra charge. Customers can load up to AUD$500 into their Cash by Optus account, which can also be used to make online purchases of up to AUD$250.
“There are already nearly one million Optus postpaid customers with compatible devices who could download this app, get the SIM and make purchases using Cash by Optus," said Ben White, Optus Vice Preisdent of Mobile Marketing. "We’re the first Australian telco to launch a mobile payments app, and because it’s compatible with many of the latest Android devices and can be linked to any Australian bank account, we’ve got a huge opportunity to bring this technology to a lot of people.”
The first 10,000 customers to register for Cash by Optus before December 15 will receive a bonus AUD$15.