Two more retailers have joined Commonwealth Bank’s contactless-payments initiative in Australia, adding more momentum to adoption of the technology throughout the country.
Bunnings Warehouse Ltd., a hardware-store chain with 223 stores, and Dymocks Booksellers Pvt. Ltd., a bookstore chain with 73 stores, have signed on to accept the bank’s contactless payments, the Sydney-based bank last week noted in a statement.
Bunnings will launch a pilot across all of its South Australian stores in November before rolling it out to all of its stores nationwide in early 2011, according to the statement. Dymocks has installed readers within its Sydney George Street store, and all of its stores will accept contactless payment by the end of October.
With the signing of the two merchants, the 4 million MasterCard PayPass-enabled debit and credit cards Commonwealth issues will have access to 20,000 contactless readers by the end of the year.
“We set ourselves a target of 15,000 readers in market by the end of this year, and we achieved that milestone at the end of August, four months ahead of schedule,” says Kelly Bayer Rosmarin, Commonwealth executive general manager business products and development. The two store chains join IGA Supermarkets Group, Boost Juice Bars Pvt. Ltd., Red Rooster Pvt. and the Etihad Stadium in accepting contactless cards, he adds.
Commonwealth’s PayPass-enabled credit and debit cards allow customers to purchase merchandise costing AU$100 (US$99 or 71 euros) or less without the need to enter a PIN or signature.
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