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    News in brief

    ANZ sees surge in card applications since supporting Apple Pay

    News in brief

    Australia’s ANZ bank has reported a surge in applications for credit cards and deposit accounts since it added support for Apple Pay in April 2016, forcing “other major banks to re-enter negotiations with the technology giant,” says The Sydney Morning Herald. “The main sticking point continues to be how to divide up the billions of dollars of fee income banks earn from processing payments.” Online credit card applications have risen 20% since the Apple Pay deal was announced.

    Filed by Email Rian Boden Published • Last updated 10 May 2016, 13:48

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