Apple Pay in Australia Expanding to 31 Small Banks and Credit Unions

Apple recently inked a deal with Cuscal Payments Group, which will see Apple Pay expand to more than 30 small banks and credit unions in Australia in the near future. Apple Pay is expected to be available for up to four million Australian customers through the partnership.

Some of the banks and credit unions that will accept Apple Pay include Credit Union Australia, Bank Australia, Beyond Bank Australia, QT Mutual Bank, and Central West Credit Union, with a full list available on the Cuscal website. In a statement, Apple Pay vice president Jennifer Bailey said Apple is eager to expand the payments service in Australia.

applepaycuscal

"We want as many Australians as possible to be able to use Apple Pay," she said.

"Today more than 3500 banks across 12 countries already support Apple Pay and we think Cuscal's customers will really love using Apple Pay for everyday purchases in stores, apps and on the web."

While Apple Pay has been available in Australia since November of 2015 through partnerships with American Express and ANZ, other major banks in Australia have not signed on to accept Apple Pay and are embroiled in a dispute with Apple.

Three of Australia's largest banks, including Commonwealth Bank, National Australia Bank, and Westpac, have filed an application with the Australian Competition and Consumer Commission (ACCC) to collectively negotiate with Apple to gain access to the NFC hardware in iPhones.

The banks want customers to be able to use already-established bank-run digital wallets rather than being limited to Apple Pay, but Apple does not allow third-party services to access the NFC chip built into the iPhone.

The banks have argued that Apple's refusal to allow access to the iPhone's hardware is an anti-competitive restriction, while Apple has told the ACCC that allowing the banks to "form a cartel" to dictate the terms of new business models would "set a troubling precedent," delay the introduction of "potentially disruptive technologies," and compromise security.

Related Roundup: Apple Pay

Top Rated Comments

Speedy Dingo Avatar
97 months ago
Meanwhile at the other 3 major banks left that refuse to support Apple Pay...
Score: 10 Votes (Like | Disagree)
CosmicRichy Avatar
97 months ago
I have all my accounts with commonwealth bank. Hopefully they get over it and just accept that no one wants to use their crap digital wallets and Apple Pay is the way to go.
Score: 6 Votes (Like | Disagree)
swe Avatar
97 months ago
While 31 it sounds impressive , some of these are really small.... really a non event until the other three major banks sign up....or even one of them.
[doublepost=1478682092][/doublepost]

Living in London. From everyone I know apple or android pay is utilised by such a small number. I commute by tube everyday , such a tiny minory use their phone for contactless
In Australia over 53% of the population use contactless (in America its 9%). This rate is growing and some banks now only offer contactless cards. We have the highest uptake of the PayWave technology in the world and being able to use our phone or watch for payments is preferred to simply our cards as Apple Pay and Mobile Pay are far more secure than contactless cards. So in Australia, it's the majority that use contactless - being with ANZ I find using ApplePay is just easier than using my card. Eventually I won't need a wallet!
Score: 4 Votes (Like | Disagree)
Robert.Walter Avatar
97 months ago
I have all my accounts with commonwealth bank. Hopefully they get over it and just accept that no one wants to use their crap digital wallets and Apple Pay is the way to go.
Good time to shop for a more customer oriented bank...
Score: 3 Votes (Like | Disagree)
Kangastu Avatar
97 months ago
Still no Suncorp or eta on when it will happen. Time to change my account to ANZ methinks.
Score: 2 Votes (Like | Disagree)
Glenn.955 Avatar
97 months ago
With ANZ + my credit union I'm 100% covered.

Funny the 3 banks going to ACCC because they want to be less competitive.

I don't think they should open their NFC chip to the banks - not sure I really trust the banks to do a secure job. I do wish Apple could implement the ability to use other NFC services. Like my work pass, building FOB etc. And if it could somehow open my car even better!
Score: 2 Votes (Like | Disagree)

Popular Stories

maxresdefault

Apple Announces 'Let Loose' Event on May 7 Amid Rumors of New iPads

Tuesday April 23, 2024 7:11 am PDT by
Apple has announced it will be holding a special event on Tuesday, May 7 at 7 a.m. Pacific Time (10 a.m. Eastern Time), with a live stream to be available on Apple.com and on YouTube as usual. The event invitation has a tagline of "Let Loose" and shows an artistic render of an Apple Pencil, suggesting that iPads will be a focus of the event. Subscribe to the MacRumors YouTube channel for more ...
iPhone 15 Pro FineWoven

Apple Reportedly Stops Production of FineWoven Accessories

Sunday April 21, 2024 6:03 am PDT by
Apple has stopped production of FineWoven accessories, according to the Apple leaker and prototype collector known as "Kosutami." In a post on X (formerly Twitter), Kosutami explained that Apple has stopped production of FineWoven accessories due to its poor durability. The company may move to another non-leather material for its premium accessories in the future. Kosutami has revealed...
Apple Vision Pro Dual Loop Band Orange Feature 2

Apple Cuts Vision Pro Shipments as Demand Falls 'Sharply Beyond Expectations'

Tuesday April 23, 2024 9:44 am PDT by
Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo. Orders have been scaled back before the Vision Pro has launched in markets outside of the United States, which Kuo says is a sign that demand in the U.S. has "fallen sharply beyond expectations." As a...
iOS 17 All New Features Thumb

iOS 17.5 Will Add These New Features to Your iPhone

Sunday April 21, 2024 3:00 am PDT by
The upcoming iOS 17.5 update for the iPhone includes only a few new user-facing features, but hidden code changes reveal some additional possibilities. Below, we have recapped everything new in the iOS 17.5 and iPadOS 17.5 beta so far. Web Distribution Starting with the second beta of iOS 17.5, eligible developers are able to distribute their iOS apps to iPhone users located in the EU...
iPad And Calculator App Feature

Apple Finally Plans to Release a Calculator App for iPad Later This Year

Tuesday April 23, 2024 9:08 am PDT by
Apple is finally planning a Calculator app for the iPad, over 14 years after launching the device, according to a source familiar with the matter. iPadOS 18 will include a built-in Calculator app for all iPad models that are compatible with the software update, which is expected to be unveiled during the opening keynote of Apple's annual developers conference WWDC on June 10. The lack of ...
Provenance Emulator

PlayStation and SEGA Emulator for iPhone and Apple TV Coming to App Store [Updated]

Friday April 19, 2024 8:29 am PDT by
The lead developer of the multi-emulator app Provenance has told iMore that his team is working towards releasing the app on the App Store, but he did not provide a timeframe. Provenance is a frontend for many existing emulators, and it would allow iPhone and Apple TV users to emulate games released for a wide variety of classic game consoles, including the original PlayStation, SEGA Genesis,...