Apple Pay’s launch in Australia faces pushback as greedy banks balk at transaction fees
Apple Pay certainly has a long way to go before it becomes ubiquitous. The service is currently available on a limited basis in the United States and the United Kingdom and is yet to hit major markets such as Canada, Japan, Germany, Italy and more. In Australia (or colloquially, Down Under), banks arereportedlyreluctant to give up on interchange fees in exchange for seamless technology and are said to loathe a third-party providing an extra layer between them and their customers at the point of sale....