Apple’s basic game plan this time is to get in ahead of the banks and regulators by using the iPhone’s tap-payments acceptance capability to open the market.
Australian small businesses can now accept payments directly through their iPhone, promising greater mobility to traders while upheaving the highly competitive point-of-sale (POS) market.
The Reserve Bank of Australia has substantively shifted its position on how banks and credit card schemes prioritise their products in mobile wallet Apple Pay.
