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.
- Meet NFC World’s partners at Mobile World Congress
- Survey: India now has a higher percentage of citizens with a mobile wallet than China
- Alipay users sent red packets worth $79m during Chinese New Year
- Apple Pay users doubled in 2017 to 127m, says top analyst
- Six more Amazon Go stores to open this year?