ANZ and Visa launch first reloadable, contactless card in Australia

ANZ and Visa have announced the launch of the first reloadable, prepaid contactless card in Australia. The new ANZ Stadium Visa payWave card will be launched at ANZ Stadium in Sydney where it will be offered initially to 2,000 ANZ Stadium members.

To mark the launch of the ANZ Stadium Visa payWave card, Visa will load the cards with $25 to allow cardholders to purchase food and beverages at selected terminals within the members' areas. The card can be reloaded with funds using BPAY via internet or phone banking and has a magnetic stripe so it can be used as a Visa prepaid card for merchant outlets outside of ANZ Stadium.

“The ANZ Stadium Visa payWave card is designed to improve the customer experience at major events,” says Chris Clark, GM, Visa Australia and New Zealand. “The shorter the transaction times, the shorter the queues and the sooner sports fans can return to the game. The card offers a secure, convenient and quick alternative to cash.”

“Contactless payments are proving highly popular overseas because they meet the fundamental consumer and merchant need for speed in places such as convenience stores, sporting venues and fast food restaurants,” continues Clark. “An average Visa payWave transaction can be completed in four to six seconds including printing of the receipt, less than half the time of a cash transaction which averages 12 to 14 seconds. We consider Visa payWave an important part of Visa's long term strategy for Australia.”