‘Report: Apple Pay is hitting a wall with Australian banks’ – ‘Mashable’
Ariel Bogle says, “Apple Pay, Apple’s first foray into mobile payments, was announced by the technology heavyweight in September last year, but its global roll out hasn’t been all smooth sailing.
It ran into multiple problems on the London Tube after its UK introduction, while take up in the U.S. seems to be a little slow, and now the company is reportedly in a stand-off with the major Australian banks.
Apple Pay enables contactless purchases via an iPhone or Apple Watch at supported merchants. It launched in the U.S. in October 2014 with support from credit card companies Visa, MasterCard and American Express, as well as in the UK in July 2015.
To work, however, the platform needs a deal with the bank that issued the credit card — and that’s where Australia’s big four banks are holding up progress, according to Fairfax Media“.
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