• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

NZ's Semble digital wallet service suspends payments

18 July 2016 4:10PM
A consortium of two of New Zealand's biggest banks, its three mobile phone companies and the country's main payments network has suspended its digital wallet service aimed at Android users.The Semble wallet was launched to customers of National Australia Bank's BNZ and Commonwealth Bank of Australia's ASB with contactless Visa and Mastercard debit and credit cards in March last year. The Paymark payments network that handles 75 per cent of New Zealand's electronic payments was also a shareholder.Semble said the service was suspended on Friday after a strategic review by its owners, which include BNZ, ASB, Spark, Vodafone and Two Degrees Mobile. The payment system used Android phones with NFC chips and could be used at more than 20,000 contactless terminals. ASB and BNZ customers had to get a special SIM card from their mobile network to make the service work.Semble chief executive Rob Ellis said Semble would refocus the business to develop new services, but the payments part of the mobile wallet had been suspended after poor take-up."Mobile payment services haven't had the speed of uptake and usage we expected due to a variety of reasons," Ellis said."These include low levels of consumer awareness of mobile payments and relatively low volumes of contactless terminals, especially outside the major retail brands, although contactless transactions in general are growing," he said.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use