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.
Square now allows Australian merchants to accept payments on Android smartphones, extending the reach of the next-generation payments technology on home soil and the offerings of a company synonymous with physical card readers.
