Mar 31, 2017
Apple wins Australia ruling to retain Apple Pay dominance
Four banks had wanted to negotiate with Apple to gain access to its payments technology for their own apps, avoiding having to pay fees to Apple. They wanted to convey to Apple that unless it gave them access to its iPhone technology, they would continue to prevent their customers from using Apple Pay. Apple Pay collects a fee from the bank for each transaction, meaning Apple risked a significant loss. If a single bank blocks its customers from using Apple Pay, it might well be the bank that loses out. Some of the other Australian banks that do allow their cards to be uses for payment via Apple have seen an increase in customers since the gridlock between Apple and that group of four.
Related companies
Make a complaint about Apple by viewing their customer service contacts.
