Apple Wins Mobile Payment War with Australian Banks

3 years ago admin Comments Off on Apple Wins Mobile Payment War with Australian Banks

An Australian consumer watchdog has barred four banks from collectively bargaining with Apple for gaining access to the contactless payment technology used in iPhones.

Four banks — Commonwealth Bank, Westpac, National Australia Bank and Bendigo and Adelaide Bank — wanted to negotiate with Apple to gain access to its payments technology used in “Apple Pay” for their own apps, avoiding having to pay fees to Apple, the BBC reported on Friday.