Westpac has introduced a mobile payment sticker, PayTag, enabling customers to make contactless payments using a mobile device.

Attaching the PayTag sticker to the back of a mobile device, customers can make payments of up to $NZ80.

With New Zealanders embracing mobile payments with less cash per capita circulating than in other OECD countries, Westpac chief product officer, Shane Howell, said that PayTag is just one of the solutions the company is exploring.

“We are also trialling Host Card Emulation (HCE) “digital wallet” technology which enables credit and debit card details – and over time things like transport cards, loyalty cards and potentially ID – to be accessible from Android smartphones. This will be available to our customers from early next year.”