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Australia's largest bank rolls out support for Apple Pay

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After an unsuccessful attempt to boycott Apple Pay in hopes of spurring its own mobile payments solution, Australia's largest bank, Commonwealth Bank of Australia, on Wednesday initiated integration with Apple's product.

Announced in a post to Commonwealth Bank's official Twitter account, the new service arrives about a month after the institution in December promised support would roll out in January.

The post is accompanied by a video pointing to the many tweets and customer messages that asked the bank to integrate Apple Pay.

"Thanks for all your gentle prompts. We read them all. Now you #CanApplePay," the bank's tweet reads.

Apple's regional Apple Pay webpage confirms Commonwealth as a supported provider.

Commonwealth is the second of Australia's "big four" banks to offer support for Apple Pay following a contentious and collaborative resistance campaign that sought a larger slice of the digital wallet pie.

In 2016, Commonwealth Bank, National Australia Bank and Westpac Banking Corp, along with Bendigo and Adelaide Bank, filed a complaint with the Australian Competition and Consumer Commission requesting authorization to collectively negotiate access to Apple Pay NFC technology. Initially seeking a determination that would force Apple to integrate third-party mobile payments software with iPhone hardware, the banks added contingencies that would allow the banks access to iPhone's NFC controller.

For its part, the banking bloc argued the stipulations would foster increased competition and consumer choice, as well as accelerated innovation and investment in the digital wallet space.

The banks requested permission to boycott services like Apple Pay if terms of certain bargaining proposals were not met, but the gambit fell flat in 2017 when the ACCC denied authorization to collectively negotiate.

Australia and New Zealand banking group, better known as ANZ, was not part of the attempt at forced negotiations and became the first "big four" bank to offer Apple Pay in 2016.



15 Comments

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iqatedo 21 Years · 1812 comments

Welcome to the party, mates.

I'm with a subsidiary that now also accepts Pay. Took minutes to set up, all done. (iPhone & Watch.)

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steveau 10 Years · 302 comments

Hell hath only one fury worse than an Apple user scorned! I cancelled my NAB cards and got an ANZ Visa Card instead, just so I could use Apple Pay. I understand that many thousands did the same. Even if NAB follow CBA and come on board, I'm not going back.

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spod 10 Years · 30 comments

Now when will Westpac get off their ass and join? 30 years with that bank and I am just about over it. I am now at the point where my ANZ account attached to my mortgage is getting all the transactions and I am feeding it from my Westpac accounts. Every day Westpac loses their cut and it goes to ANZ.  At what point will that sink in?