NAB has launched its new mobile payment service NAB Pay for Android smartphones. Customers with a compatible Android mobile device and a NAB Visa debit card can start using the service, which is available as part of NAB’s mobile Internet banking app.
NAB is utilising Visa Token Service, replacing a customer’s credit card number with a unique digital token, making it the first bank in Australia to do so.
Payments can be made directly from the Android device’s home screen, inside apps and from NAB’s own app, by tapping the phone on a device reader.
One catch: there is a $100 PIN-free limit, after which customers must enter their personal identification number the old-fashioned way to complete the payment.
