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It allows consumers to remotely download their NAB Visa credit card software application onto their Telstra mobile phone SIM card, enabling them to purchase goods and services by waving their mobile phone over a participating NAB merchant's reader.

 Compared to cash, payment via a Contactless mobile phone provides enhanced transaction security, along with the ability to have the payment application quickly deactivated should the consumer lose their phone, according to Telstra.

 Telstra Group Managing Director Enterprise and Government, David Thodey, said, "In the future we may be able to provide even greater convenience and choice to our customers by giving them the ability to selectively add cards or accounts to their mobile phone when they choose".
 
According to Visa's General Manager, Australia and New Zealand, Chris Clark, said, "As the technology evolves, we expect it will be possible for consumers to use their mobile phones to download electronic coupons tailored to their interests, monitor their accounts, make mobile Internet payments and access other applications that provide a compelling customer experience. We are very positive about the opportunities".
 
The trial, involving 200 participants and 12 merchants in the Docklands area of Melbourne, will run over the coming months and will enable Telstra, NAB and Visa to assess Australian consumers' and retailers' reaction to this innovative payment option.