The Commonwealth Bank’s new Kaching app offers NFC and peer-to-peer payments on iPhones. Despite being launched today, you won’t be able to get your hands on it for another “few months” (the official estimate of when it will be available). But you can get a feel for how it works with this quick screenshot tour.
Click on any image for the full-size version.
You can log in via either your existing NetBank password or by setting a simpler four-digit PIN.
Standard online banking functions such as checking your account balance are built in.
You can send money to people who don’t have Commonwealth Bank accounts, as well as transfer money between your own accounts.
Transfer activity is immediately confirmed.
You can make payments to anyone on your existing phone contact list.
You can enable NFC payments (via PayPass) for any card on your account.
As we mentioned in our original post, there will eventually be an Android app, but it’s likely to look quite different, since the bank wants to build it as an Android native app rather than a lazy quick port. If nothing else, that’s an improvement on when the Commonwealth Android app was essentially just a bookmark.