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. 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 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 .