Compared: All The Mobile Payments Services In Australia

Samsung Pay joined the ranks of many other similarly-named services when it launched in Australia last month, but it’s not your only option. From Optus’s cashless payment accessories to your bank’s own specialised service, here are all the mobile payment services available now in Australia.

Image: Samsung

Phone Apps:

Samsung Pay

Devices: Galaxy S6, S6 Edge+, Note 5, Galaxy S7 and S7 Edge.
Financial Institutions: American Express, Citibank

Samsung Pay is the most recent service to launch in Australia, with American Express and Citibank on-board for the launch. The biggest difference between Samsung Pay and its competitors is that it is able to function as a virtual magnetic swipe, as opposed to the NFC technology that is used by most contactless payments. Samsung Pay also uses fingerprint authentication for an extra level of security on your contactless payments.

Apple Pay

Devices: iPhone 6, 6 Plus, 6S, 6S Plus, SE, Apple Watch.
Financial Institutions: American Express, ANZ

Unlike Samsung Pay, Apple Pay relies on NFC to make its contactless payments. Similarly to its competitor, however, it does use fingerprint authentication for security. It launched with American Express and soon brought ANZ on board, and it’s supposedly due to partner with more Australian financial institutions in the future.

Add-On Accessories:

Cash By Optus

Devices: Android 4.0 and above, iPhones except 3G, 3GS and 4 running iOS 8 and above

Cash by Optus is a bit different to the rest of the services on this list. It’s more of a mobile wallet with NFC enabled accessories. These include the standard sticker, a wearable band and a SIM card that can be used directly in NFC enabled phones.

You can link Cash By Optus to any Australian bank account, and you simply add funds of up to $500 to your Optus mobile wallet when you want to use it to pay.

Coles Mobile Wallet

Devices: Android 4.4 and above, iOS 7 and above
Financial Institutions: Coles Mastercard

Coles Mobile Wallet is a fairly simple system, meant for those with Coles Mastercards. It works via an NFC sticker for your phone, though Coles has indicated it has looked into NFC enabled hardware. It’s mostly useful as an option for people with Coles Mastercards who want to keep track of their FlyBuys points in the same app, and the sticker also has a FlyBuys barcode on it.

Bank Specific Apps:

Most bank-specific apps work off your phone’s NFC technology — if you have it. They work in a similar way to your credit card’s NFC chip — you can use it to tap to pay on any contactless payment terminal, for transactions under $100. Most apps should also let you input your pin for purchases above this amount. Here are all the banks with similar services:

ANZ Mobile Pay

Devices: Android 4.4 and above with NFC functions

Commonwealth Bank Tap & Pay

Devices: Android 4.4 and above with NFC enabled. iPhone and Android phones without NFC through purchase of a $2.99 PayTag

CommBank offers a similar service to other banks, but also provides an optional ‘PayTag’, an NFC sticker to attach to a phone without inbuilt NFC.

CUA redi2PAY

Devices: Android 4.4 and above with NFC enabled.

Lombard Finance Tap2Pay

Devices: Android 4.4 and above with NFC enabled.


Devices: Android 4.4 and above with NFC enabled.

Westpac Tap and Pay

Devices: Samsung Galaxy S7, S7 Edge, S6, S6 Edge, S6 Edge+, S5, S5 Mini, S4, Note 5, Note 4 Edge, Note 4, Note 3 or Alpha devices

Did we miss any payment options that you use or know of? Let us know in the comments!

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