Australia’s Commonwealth Bank has teamed up with MasterCard to
offer contactless payments at Australia’s Royal Easter Show.

Merchants across the show will be accepting contactless as
payment for showbags, food and
drink, shopping and carnival coupons
in what will be one of
first times contactless payments have been utilised at a mass
consumer event in Australia.

MasterCard PayPass credit and debit cardholders paying
for items less than A$100 need must tap their card on a
Commonwealth Bank merchant reader to debit their accounts.

Commonwealth Bank, Group Executive Retail Banking Services, Ross
McEwan, said providing customers with more convenient payment
options and faster transaction times is a major focus for the
Bank:

“The Royal Easter Show is a Sydney institution and with crowds
in the tens of thousands expected each day, contactless payments
are ideal to use at the Show. Cardholders simply hold the ‘Tap
N Go
’ card up to a MasterCard PayPass terminal on the
merchant’s counter, wait for a beep and the purchase is
complete.

“This means that consumers don’t need to count change or worry
if they have enough cash on hand to make a purchase. It’s quick,
easy and convenient, giving them more time to enjoy everything the
Show has to offer, while merchants will benefit from more sales,
higher transaction volumes and reduced costs of cash handling,”
said Mr McEwan.

Sydney Royal Easter Show General Manager Michael Collins is
excited those attending the Show will be able to experience this
new payment technology.

“We are really excited to be introducing the contactless payment
option to Royal Easter Show patrons, which will provide them with
an increased level of convenience giving them more time to get
amongst all the wonderful entertainment and activities at the
Show,” said Mr Collins.

Commonwealth Bank currently has more than three million cards in
circulation that can be used to make contactless payments.

“Our involvement in the Royal Easter Show will be a significant
milestone on the journey of how people will pay for goods and
services in the future. We are focused on continuing to build on
the three million plus PayPass cards we already have in
market and rolling out more acceptance points with key retailers.
Contactless technology is undoubtedly the future of payments,” said
Mr McEwan.

A number of retailers already accept contactless payments
including many outlets of IGA supermarkets, Red Rooster, Etihad
Stadium in Melbourne and some independent retailers.