Announced last October, launched in mid December, and downloaded over 100,000 times in the first two months, Commonwealth Bank's Kaching mobile banking app for the iPhone made quite a splash.
The number of downloads has subsequently increased to more than 365,000, and users have transferred more than $1 billion.
And there was clearly demand for an Android version, as there are more than one million logins per week via the regular CommBank app for Android.
But the original indication of delivering Kaching for Android in a matter of weeks came to nothing. Perhaps spurred by its adoption of the "Can" slogan, CommBank has finally delivered on that promise and the app is now available via Google play.
However, the Android version is still a step behind, because according to a CommBank spokesperson, "iPhones get an Australian first – Bump payments that allow money to be exchanged or a payment to be made by tapping two phones together." iOS 4.2 or later is required for Bump.
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Commonwealth Bank has also revealed more about its planned Kaching app for Facebook. Due for release later this year, it will allow users to view their balances and transactions, make peer-to-peer payments (to Facebook friends, mobile numbers and email addresses) and make BPay payments and third party transfers. The bank's NetCode SMS system will be used to help with security, and CommBank provides a "100% security guarantee" so customers won't be out of pocket if an unauthorised transaction occurs.
"We plan to regularly expand the functionality of CommBank Kaching. Bump and our Facebook app are the latest way we are simplifying peer-to-peer payments. We will continue to enhance our current apps and deliver cutting-edge technology which enables our customers to have greater control and access to their finances," said said Andy Lark, the bank's chief marketing and online officer.
