Apple Pay is headed to Australia

SYDNEY (Reuters) – Apple expanded its Apple Pay digital wallet in Australia on Thursday after ANZ became the country’s first bank to support the mobile payment service, executives at the pair told Reuters.

Apple Pay allows users to register credit cards on devices such as iPhones, and pay for goods and services by swiping the devices over contactless payment terminals.

Apple charges card providers for transactions via the service, which it introduced to Australia last year with American Express.

The latest partnership extends the service to ANZ customers and represents the culmination of months of talks with the bank and three bigger peers. Of the four, ANZ and Westpac Banking have already agreed to support rival Android Pay from Alphabet unit Google.

Collectively, the four banks account for 80 percent of all credit cards that consumers have linked to mobile payment systems, in a country with a relatively high rate of contactless payment.

The partnership…

Read the entire article from BusinessInsider here: Apple Pay is headed to Australia


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