The Commonwealth Bank has overhauled its mobile banking application with a host of new features including NFC instant payment options and a redesigned user interface. In an interesting break from tradition, the new app is landing on Android and Windows Phone platforms first, with iPhone users forced to wait until January.
The new Android app’s main claim to fame is its near field communication (NFC) 'Tap & Pay' functionality, which allows CBA customers to make instant MasterCard PayPass payments with their phones.
This will work in a number of ways depending on the type of phone you have. Samsung Galaxy S4 (i9505 and i9507) owners will have Tap & Pay built directly into the app via their phone’s embedded NFC chip. All other Android users will need to purchase a CommBank ‘PayTag’ NFC sticker that attaches to the back of your smartphone. This will set you back $2.99.
The Windows Phone version does not currently support 'Tap & Pay' although the update does sport a redesigned UI and a host of new shortcuts.
We think it's pretty interesting that the iPhone is last in line. Just the other month, we were complaining that Apple’s refusal to embrace NFC was holding back the technology. Could this be some kind of turning point? Share your thoughts in the comments section below.