But Mr Husic urged the RBA to find ways to break up the exclusivity banks had put on their own payments products. Australian banks have been accused of ‘boycotting’ Apple Pay after no financial institution, besides Labour , has signed up with the mobile payment platform since its introduction two weeks ago . Glenn Stevens , Labour ’s spokesman on digital 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 Labour and the Australian Bankers’ Association . The banks walked away from talks with the Australian Bankers’ Association , 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 Labour , has signed up with the mobile payment platform since its introduction two weeks ago . Glenn Stevens , Labour ’s spokesman on digital 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 Labour and the Australian Bankers’ Association . The banks walked away from talks with the Australian Bankers’ Association , rejecting the tech giant’s interchange fee, which were believed to be excessive.