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. The RBA declined to comment. The move by Australia’s largest bank is a clear sign that it will not be supporting Apple’s new payments service. He has written a complaint to the RBA and the Australian Bankers’ Association. 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. The move by Australia’s largest bank is a clear sign that it will not be supporting Apple’s new payments service. He has written a complaint to the RBA and the Australian Bankers’ Association. The banks walked away from talks with Apple, rejecting the tech giant’s interchange fee, which were believed to be excessive.