Apple concedes to European banks amid concern on new RBA payment power
Apple wants the Albanese government to clarify when the Reserve Bank would be able to deploy new powers allowing it to create rules on bank access to the tech giant’s tap-and-go mobile payment system, after Apple said it would allow European bank apps to make payments with iPhones without sending them through Apple’s digital wallet.
Apple provided the concessions in Europe as part of moves to settle antitrust charges brought by the European Commission, which has been investigating banks’ access to the Apple Pay system, Reuters reported at the weekend.
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