Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
National Australia Bank has finally introduced Apple Pay to its customers with the service live from this morning after months of customer feedback requesting the service after Apply Pay went live with two of the other big four banks. ANZ customers have had access to the service for a while now and can even withdraw … Continue reading “NAB [Finally] Launches Apple Pay”
Despite the moves last year, CBA has now confirmed that from next year Apple Pay will be available to CBA customers. CBA says “When Tap & Pay is turned on, you can make purchases up to $100 by tapping the back of your phone against a PayPass reader. The transaction will work even if the … Continue reading “CBA Will Offer Apple Pay”
From Fintech Business. Myer customers will be able to use Android Pay and Apple Pay to make purchases in store via the launch of a new credit card, the Myer Credit Card, issued by Macquarie Bank. Using Visa payment technology, Myer shoppers will be able to pay for purchases from their digital wallet on their … Continue reading “Myer launches Android and Apple Pay”
From Business Insider. ANZ has joined Samsung Pay, becoming the first of the big four Australian banks to be on all three major digital wallets. The bank had already been the only one of the majors to be on Apple Pay and was already available on Android Pay. “Samsung has strong device market share in … Continue reading “ANZ is the first Big Four bank on both Samsung Pay and Apple Pay”
New research suggests that Apple will dominate the OEM-Pay market over the next 4 years, leading Samsung, Google, and Others. Data from fintech analysts, Juniper Research, estimates that the number of OEM-Pay contactless users, including Apple Pay, Samsung Pay, and Android Pay, will exceed 100 million for the first time during H1-2017, before surpassing 150 … Continue reading “Will Apple Pay Win The Contactless Payment Wars?”
From The Conversation. The Australian Competition and Consumer Commission’s (ACCC) decision to deny some of Australia’s major banks the ability to collectively bargain with Apple and boycott Apple Pay, might have opened a whole new door for digital wallets in Australia. The banks wanted to bargain with Apple for access to the Near-Field Communication controller … Continue reading “Apple Pay may have won the battle but it may not win the war”
The Australian Competition and Consumer Commission has issued a determination denying authorisation to the Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank, and Bendigo and Adelaide Bank (the banks) to collectively bargain with Apple and collectively boycott Apple Pay. “The ACCC is not satisfied, on balance, that the likely benefits from the proposed … Continue reading “ACCC denies authorisation for banks to collectively bargain with Apple and boycott Apple Pay”
From ITWire. The Commonwealth Bank has attempted, on its own, to break the impasse with Apple over Apple Pay, by offering to pay the tech firm for use of its payment infrastructure. However, the CBA is still insisting that Apple should give it access to the near field communications controller so that it can set … Continue reading “CBA makes another bid to cut Apple Pay deal”
From The Conversation. The Australian Competition and Consumer Commission (ACCC) is planning to deny the Commonwealth Bank of Australia (CBA), Westpac, National Australia Bank (NAB) and Bendigo and Adelaide Bank (the banks), petition to collectively bargain with and boycott Apple on Apple Pay. Justifying the decision, ACCC chairman Rod Sims said that the likely benefits … Continue reading “ACCC rejects the banks colluding to bargain on Apple Pay”
The Australian Competition and Consumer Commission has issued a draft determination proposing, on balance, to deny authorisation to the Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank, and Bendigo and Adelaide Bank (the banks) to collectively bargain with and boycott Apple on Apple Pay. The banks sought authorisation to bargain with Apple on … Continue reading “Banks Blocked From Collective Bargain With and Boycott Of Apple on Apple Pay”