A group of Australian banks is requesting improvements to the NFC ( near field communication ) functionality of the iPhone , saying that the introduction of non - exclusive third - party mobile wallets would increase competition and innovation in mobile payments and payment services . Bendigo and Adelaide Bank , National Australia Bank , the Commonwealth Bank of Australia and Westpac Bank have submitted their proposal to the Australian Competition and Consumer Commission , saying that mobile wallet providers aside from Apple are locked out of the NFC market . According to the banks , Australia has the world ’s highest adoption of contactless NFC card readers .
A group of Australian banks is requesting access to the NFC (near field communication) functionality of the iPhone, saying that the introduction of non-exclusive third-party mobile wallets would increase competition and innovation in mobile wallet and payment services. Bendigo and Adelaide Bank, National Australia Bank, the Commonwealth Bank of Australia and Westpac Bank have submitted their proposal to the Australian Competition and Consumer Commission, stating that mobile wallet providers aside from Apple are locked out of the payment infrastructure. According to the banks, Australia has the world’s highest adoption of contactless NFC card payment.