Australian banks have been accused of ‘ boycotting ’ Apple Pay after no financial institution , besides American Express , has signed up with the mobile payment platform since its introduction two weeks ago . Ed Husic , Labour ’s spokesman on mobile innovation said this was , in effect , anti - competitive , as it denied consumers a choice of secure mobile payments . He has written a complaint to the RBA and the Australian Banking ’ Association . " It is understood Mr Edey will respond directly to Mr Husic. The banks walked away from talks with Apple , rejecting the tech giant ’s interchange fee , which were believed to be excessive .
Australian banks have been accused of ‘ boycotting ’ Apple Pay after no financial institution , besides American Express , has signed up with the mobile payment platform since its introduction two weeks ago . Ed Husic , Labour ’s spokesman on mobile innovation said this was , in effect , anti - competitive , as it denied consumers a choice of secure mobile payments . He has written a complaint to the RBA and the Australian Banking ’ Association . The banks walked away from talks with Apple , rejecting the tech giant ’s interchange fee , which were believed to be excessive .