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 .
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 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 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.