Make Apple give us a better deal, bank tells Australian government

Australia’s Commonwealth Bank wants the country’s government to force better terms on Apple for letting rivals use its Apple Pay-style NFC systems on iPhone.

Apple’s iPhone NFC is now open to rivals in Australia

For years, the Commonwealth Bank of Australia (CBA) has pressed for third-party firms to be able to use iPhone NFC for payments — and then in 2024, it got what it wanted. At that time, Apple opened up its NFC technology to countries including Australia and the US, after having been forced to do so for the European Union.

According to Australia’s Financial Review, though, the CBA wants more. And since the Reserve Bank of America (RBA) has now been granted more powers to oversee digital wallets, the CBA says it should step in to ensure what it calls “reasonable” terms.

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