Apple Pay is progressing surprisingly slow in Australia, many do not understand how after so many months since its launch, only the use of Amex cards is allowed. Anyone would think that Apple is not doing its job well, but really the problem is that Australian banks refuse to support Apple Pay. However the spokesmen of the opposition party, the Labor Party, suggest that this refusal by banks constitutes anti-competitive behavior, according to the Australian newspapers, which could force the technological advance that Apple Pay supposes.
The topic is bringing a lot of queue, and one of the main reasons for the lack of agreement is the calculation of fees that each part takes away. As if the banks already took little of their usury, they also want to take advantage of Apple Pay so as not to stop receiving the shameful commissions that they already take for the mere fact of giving you a card
The Reserve Bank has been urged to examine potential anti-competitive behavior in the emerging card payments market, banks have frozen the progress of newcomer Apple Pay, preventing it from growing in fair competition for no apparent reason […]
"Australian consumers cannot be denied the ability to use payment methods that are openly available to consumers around the world," wrote Ed Husic. "No doubt some will argue that this move by banks is anti-competitive - I am certainly concerned that the consumer is being denied access to a secure and efficient payment platform."
And so is the Apple Pay landscape in Australia. In the United States, banks take 1% of each card payment, which makes $ 1 out of $ 100. Well, Apple requires 15 cents of every dollar that the bank keeps commission, and Australian banks do not seem to go through the hoop.