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.
- Guide introduces how Android Pay works
- Samsung Pay launches in Sweden and the UAE, enters early access in Hong Kong and Switzerland
- bPay contactless wearables enable automatic donations to UK charities
- UK restaurant chains test digital mobile banking receipts tied to customer purchases
- Apple marks Earth Day with Apple Pay donations