CBA bows to the inevitable with Apple Pay roll out

CBA bows to the inevitable with Apple Pay roll out

Commonwealth Bank of Australia has caved over its often acrimonious hold-out against Apple Pay, confirming that it will introduce the mobile payment application in January.

CBA was one of the five big Australian banks that engaged in a a long-running battle with Apple over access to the Near-Field Communication (NFC) controller in iPhones. The saga ended up at the Australian Competition and Consumer Commission, which ruled against the banks in March last year - derailing their attempts to enter into collective bargaining with the consumer electronic giant.

CBA now joins ANZ - which was not involved in the original bank boycott - in introducing Apple Pay to customers.

Angus Sullivan, group executive of Retail Banking Services, says: “We recently wrote to our customers asking them what the bank could do differently and we received lots of excellent suggestions.

“One of the things we heard repeatedly from our customers is that they want Apple Pay and we’re delighted to be making it available in January 2019."

Comments: (1)

Vernon Crabtree
Vernon Crabtree - My comments are my own - Utrecht 17 December, 2018, 08:19Be the first to give this comment the thumbs up 0 likes

A loss to a civilization that works openly with each other. Fortunately, there is more in the world than self-centered Apple.

It will take some years - but like others, Apple will realize that working with others is essential to existence.