For security, it will be using Australia's first domestic Token Service Provider - it removes all of your confidential card data from the eftpos payment network, replacing it with a unique payment "token". With assistance from tech partner Rambus, EFTPOS generates and manages its own tokens to allow innovations like contactless payments and real-time bank balances. This also means if your card or phone is lost or stolen, you can disable mobile payments without having to cancel your card.
Eftpos announced last month that ANZ was the first Australian bank to support Eftpos payment using Apple Pay.
Previously customers from ANZ and the Cuscal backed Credit Unions and Banks were only able to add a Visa or Mastercard to Android Pay, but with the launch of support from EFTPOS, this widens the option to use Android Pay to many more users.
To use the service, cardholders need to download Android Pay at the Google Play Store and follow the prompts to register for the service. And yes - ANZ customers on iOS can "tap for eftpos" already.
"We're committed to maintaining our leadership position in offering customers new, simple and convenient payment experiences so we're pleased to provide our eftpos cardholders the option to now make purchases with their Android mobile device".
"Using Android Pay is more secure - and much faster - than rummaging through your wallet for a plastic card", said Pali Bhat, Google's VP of Product Management at Payments. "That's why we've worked with eftpos to enable Android Pay at nearly 800,000 contactless payment terminals in Australia where people can seamlessly Tap & Pay with eftpos using their Android devices", said Pali Bhat, VP of Product Management, Payments, Google. "We provide our clients' customers choice in the way they want to pay".