If you’re wondering why Apple Pay is as yet only available for Amex cards in Australia, it’s not because Apple isn’t working hard enough to introduce it there: it’s because Australian banks are refusing to sign up for it. The opposition Labor Party spokesman on digital innovation is now suggesting that this refusal may constitute anti-competitive behavior, reports the Sydney Morning Herald.
The Reserve Bank has been urged to examine potential anti-competitive behaviour in the emerging card-free payments market amid claims the banks have frozen out newcomer Apple Pay […]
“Australian consumers should not be denied the ability to make payment choices that are openly available to consumers globally,” Ed Husic wrote. “No doubt some will argue this move by the banks is anti-competitive – I am certainly concerned that it denies consumer access to a secure, efficient payment platform.”
As we reported back in August, one big sticking point is fees … expand full story