The Commonwealth Bank of Australia has joined the race to allow shoppers to buy anything from snacks to sports tickets with just a flash of their mobile phone. The Commonwealth Bank of Australia is vying with the National Australia Bank to be among the first Australian financial services firms to offer NFC-enabled contactless payment technology to its customers. Around 50 NFC enabled mobile phones have been supplied to merchants at the event, allowing attendees to test the technology, which permits users to complete transactions worth up to $35 without entering a PIN. Paying with the mobile phone would compliment other contactless payment methods such as smart card credit cards, which banks have been increasingly issuing customers, according to Australian IT.
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