Apple

Australian Banks Are Taking On Apple Over Mobile Payments

Australian Banks

The only way to make a mobile payment on the iPhone is with Apple Pay, Apple does not allow other companies to make use of its mobile payment technology within its devices.

Now some banks in Australia have decided to challenge Apple over this and this includes the three largest Australian banks.

The banks are National Australia Bank, Commonwealth Bank of Australia and Westpac Banking Corp, all three of these banks have yet to sign deals with Apple on Apple Pay. The banks are complaining that Apple should let other mobile payment apps on their handsets.

Both Samsung and Google have their own mobile payment apps, but they also allow third party payment apps on their devices.

The three banks in Australia are accusing Apple of anti-competitive behavior by not allowing alternative mobile payment methods on their devices.

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