ANZ partners Visa and Amex for its digital wallet

ANZ, Australia's fourth largest bank, has partnered with American multinational finance firm Visa, to provide a new digital wallet solution through the ANZ Mobile Pay app, so that the bank’s customers can add American Express or Visa credit and debit cards to smartphone mobile banking accounts. Currently, ANZ Mobile Pay only works on Android phones, however, ANZ is also negotiating with Apple to potentially extend its wallet offerings.

Visa appears to have won over two of the major banks from its main rival MasterCard, as ANZ went with the provider in its move as the last of the big banks to offer a digital wallet on Wednesday.

ANZ claims its version offers more card options than the other banks and is easier to load with cards.

ANZ bank became the last of the major banks to offer a digital wallet, on Wednesday. Credit: Glenn Hunt

Like all the other banks, its mobile payment app - known as ANZ Mobile Pay, which is separate to its existing GoMoney app - will only work on Android phones at the moment as banks here are still in negotiations with Apple over its wallet offering.

The bank's customers can add American Express companion cards or Visa credit and debit cards to their smartphone.