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Aussie banks had sought authorization (as a group) to access the NFC controller in iPhones. This would have enabled the banks to offer their own integrated digital wallets to iPhone customers in competition with Apple’s digital wallet, without using Apple Pay. Regulators denied the banks the right to collectively bargain and boycott Apple Pay.
pple welcomed the ACCC decision on Friday. “Today, millions of users from 3,500 banks in 15 markets enjoy using Apple Pay and we look forward to continuing to work with individual banks in Australia and around the world to bring Apple Pay to their customers too,” the company said in a statement. The ACCC said providing access to the iPhone NFC controller would likely have led to increased competition in mobile payments services and this would be a significant public benefit. But the likely distortions to and reductions in competition caused by the conduct would also be significant.
https://www.ft.com/content/8fb4f646-15bc-11e7-80f4-13e067d5072c
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