Apple Pay rollout further stymied in AustraliaMore Apple Pay delays Down Under.
Apple Pay may already have a modest presence in Australia, but that modesty is set to continue for the foreseeable future.
In late July, four of Australia's biggest banks submitted an application to the country's competition overseer, the Australian Competition & Consumer Commission (ACCC), to enter into a collective boycott of Apple over the California-based company's mobile payment system, Apple Pay.
To the banks, Apple's dominant position in the market would lead to a situation where it would preclude the banks themselves from effectively competing in this up-and-coming space. They wanted the Australian regulator to force Apple to open access to its closed-off NFC chip inside the latest iPhones, allowing the banks to integrate their own in-app mobile payment solution, as is possible on Android.
This week, the ACCC denied the banks' request, further delaying the proliferation of Apple Pay, and mobile payments in general, throughout the coun...
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Apple Pay rollout further stymied in Australia
