Westpac out in the cold as Apple Pay arrives for NAB customers

Westpac is the last remaining big Australian banking institution not to offer Apple Pay, after another holdout, NAB, announced that the service had gone live for its customers on Tuesday.

At the beginning of May, when iTWire asked NAB whether it had any plans to offer Apple Pay, the bank was unwilling to give an indication either way.

In a statement on Tuesday, NAB chief customer experience officer Rachel Slade said: “We’ve been hearing from customers that they want Apple Pay and it’s great to be able to launch this service today.”

Apple Pay allows people to pay via their iPhone, Apple Watch, iPad or Mac and is available for NAB personal and business customers with an eligible NAB Visa debit or credit card.

Commonwealth Bank, along with Bendigo and Adelaide Bank, NAB and Westpac, attempted to cut a deal with Apple over Apple Pay in 2017, but the Australian Competition and Consumer Commission denied them the right to negotiate collectively.

The banks had sought authorisation to bargain with Apple for access to the near-field communication controller in iPhones, and reasonable access terms to the App Store.

Such access would have allowed the four to offer their own integrated digital wallets to iPhone customers in competition with Apple’s digital wallet, without using Apple Pay.

To read more, please click on the link below…

Source: iTWire – Westpac out in the cold as Apple Pay arrives for NAB customers