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Australian banks to attack Apple Pay

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Everett Enriquez
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National Australia Bank, Commonwealth Bank and Westpac Banking Corp., the three largest banks in Australia, believes that Apple pay violates the country's competition law and has reported Apple to the Australian Competition and Consumer Commission.

The banks believe it is unfair that Apple is using NFC chips in the iPhone for Apple Pay but to give other companies access to their apps competing payment systems.

- This is about giving Australians real choice, said a spokesperson for the banks to the Sydney Morning Herald.

Apple pay came to Australia last November and had originally only supported by American Express.

In April joined ANZ ANZ Visa card and two weeks later, the number of credit card applications increased by 20 percent.

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