The arrival of Apple Pay in Australia is still uncertain because of the lack agreements between Apple and local banks.

The rollout of Apple’s smart payment system, Apple Pay, is still uncertain in Australia because of differences of opinion between Apple and local banks. Essentially, banks have requested access to hardware NFC present in the iPhone to allow other mobile payment systems to be used simultaneously with Apple Pay. The ACCC (Australian Competition and Consumer Commission) has rejected the proposal of the local banks to negotiate directly with Apple on the issue. Without the permission of the ACCC, the banks can not negotiate with Cupertino.

Rod Sims the ACCC has indicated that it has identified significant benefits in allowing banks to negotiate directly with the California company. The decision had been made interim in August but was only confirmed now. We’ll see how the story will continue.

Source: 9to5Mac

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