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. Their latest submission to the ACCC comes as Mastercard reveals that more than four in five Australians (82%) are now using contactless payments every week — 26% are aware that they have NFC mobile payments on their phone and, of those that are not aware, 36% would consider using it. Bendigo and the Australian Competition and Consumer Commission , Apple , Adelaide Bank and Westpac Bank have submitted their proposal to NFC , 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 Apple card payment.
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 the Australian Competition and Consumer Commission , Apple , Adelaide Bank and Westpac Bank have submitted their proposal to NFC , 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 Apple card payment.