subscribe to our newsletter

Non-major bank launches Google Pay

The industry fund-owned bank has introduced Google Pay for cardholders as customers increasingly switch to contactless payments, especially in the wake of the COVID-19 pandemic.

ME Bank has announced that its customers will have a new cashless option with the launch of the payment application for Android smartphones.

ME customers will now be able to connect their ME debit and credit cards to Google Pay for use in-store, online and via apps, both in Australia and for overseas online shopping.

Customers whose smartphones are running Android Lollipop 5.0 or higher can use the contactless payment facility.

The bank noted that Google Pay protects payment information with multiple layers of security.


Commenting on the launch, ME group chief executive, customer banking, Craig Ralston said: “Our customers are using cash less, and contactless and digital payments more, so it makes sense for ME to increase the number of ways our customers can pay digitally with the addition of Google Pay.”

This announcement by ME Bank follows its introduction of Apple Pay for cardholders in July.

According to ME payment data, ATM withdrawals have almost halved since the beginning of the COVID-19 pandemic.

Total withdrawals have declined 45 per cent between March and August this year compared with the six months prior between September 2019 and February 2020.

The total dollar amount withdrawn from ATM by customers also fell by 31 per cent over the same period.


[Related: Digital wallet use soars amid COVID-19 restrictions]

Non-major bank launches Google Pay
Non-major bank launches Google Pay

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

Malavika Santhebennur

Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.

Latest News

The chief of Australia’s largest bank has said lenders should act pre-emptively and shift their floor rates for mortgage serviceability am...

Total household wealth reached a high of $13.4 trillion in the June quarter, primarily due to rising property prices, according to the Aust...

The property exchange settlement platform has been granted approval to establish an Electronic Lodgement Network in the ACT.  ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.