Although the payment system Apple Pay work in Australia in November 2015, some banks have refused to connect their cards to the payment system of Apple. It motivates local iPhone owners to move from large financial institutions to smaller in order to use the payment service Apple.
While in most countries of the world are actively using Apple Pay in Australia sparked the conflict between Apple and the banks. Australian companies don’t want to pay a Commission, and require kupertinovtsy to cease the monopoly and to give access to NFC device to connect their services for contactless payments.
If Russia or Europe’s biggest banks fought over the exclusive contracts with Apple in Australia new technology considered dangerous. Almost all the major banks refused to support that makes customer look for alternative options and transfer the accounts in small banks, where Apple Pay works.
Apple Pay has been criticized by Commonwealth Bank, Westpac Banking Corporation, National Australia Bank and Bendigo and Adelaide Bank. The main stumbling block is the fee, which the credit institution has to pay Apple for use of the service.
Apple charge a fee from banks every time consumers use their iPhone, iPad or Apple Watch to make purchases. In Australia and the United States Commission for the electronic payment service amounts to 0.15%. In Russia, for credit cards the Commission is 0.12% of the purchase amount, in addition, banks have to pay 45 rubles a year for each card connected to the service.
The second point is that Australia’s mobile services are quite developed and many banks have their own payment apps. They don’t want customers to abandon them in favor of Apple Pay. In the Apple this behavior is called an attempt “to crush the competition and create unnecessary security risks”.