In an 'audacious' move, Australia's banks are taking the fight to Apple

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In an 'audacious' move, Australia's banks are taking the fight to Apple

In an 'audacious' move, Australia's banks are taking the fight to Apple

Consider this a bold last stand.

Rather than signing up with Apple Pay, a number of Australia's largest banks are instead hoping to force Apple's hand and put their own payment apps on Apple's hardware.

On Wednesday, the Australian Competition and Consumer Commission (ACCC) published an application from four local banks to negotiate collectively with providers of third-party mobile wallets.

SEE ALSO: Australians have an easier way to buy bitcoin after new exchange launches


Apple in particular, has drawn the ire of the banks for locking out payment apps on its smartphones and tablets, apart from its own Apple Pay. Most of Australia's major banks already have their own mobile payment solutions, and Samsung Pay along with Android Pay have already launched here. Read more...

More about National Australia Bank, Westpac, Commonwealth Bank Of Australia, Apple Pay, and Apple

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