Nobody told Apple that putting its own mobile payment service like Apple Pay on the market would be a bed of roses. In many countries It has already been launched and its users are delighted, but while in Spain we are still waiting for the apple company to put it into operation, in Australia The problems are already coming to the Apple Pay that has been used recently.
The fact is that the NFC chip that iPhones have from model 6 onwards is "capped" and can only be used as an element to be able to make transactions through Apple Pay. This has not pleased the Australian banks and three of them in particular have already They have accused the Cupertino people of trying to have a monopoly on mobile transactions.
The banks we are talking about are the National Australia Bank, Westpac Banking and CorpCommonwealth Bank of Australia. Since last November they are seeing how the number of operations with Apple Pay is rising and they want part of the pie. Who wants Apple to open the possibility that they can make use of the NFC chip of the iPhone to be able to make transactions with its own applications, which Apple categorically refuses.
Faced with these accusations, Apple has spoken out and this is what it has said:
Apple maintains very high security measures for its customers when they use Apple devices to make payments. Providing simple access to the NFC antenna to bank apps would fundamentally decrease the high level of security that Apple seeks to maintain on its devices. Unfortunately, based on their limited understanding of the system, banks perceive Apple Pay as a competitive threat. These banks want to keep complete control of their clients. This request is just a new tactic used by these banks to crush Apple's entry into the Australian market. If granted, the petition would harm consumers, leading to less competition and less innovation.
Keep in mind that Apple takes 0,15% for each transaction It is done with the Apple Pay payment method and that is one thing that banks want. What they have not realized yet is that when Apple says NO it is NO. They have devised this method considerably increasing the security of mobile payments and this is not going to be left to the banks, which are often plagued by THIEVES.