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.
- Reader offer: Get a free ‘POS terminal in a box’ dev kit from STMicroelectronics
- Central bank tightens rules on accepting cards and cash in Chinese stores
- Eight million merchants now accept Paytm QR payments in stores
- Facebook patent sets out how AIs could accept Messenger payments
- Uber to let customers use Venmo to share costs with friends