Australia'' s significant banks team up to challenge Apple on mobile payments apps

© Reuters. A guy leaves the Commonwealth Bank of Australia building in main Sydney

By Matt Siegel SYDNEY (Reuters) – Australia’s three biggest banks, including no. 1 loan provider National Australia Bank (NAB) (AX:-RRB-, on Wednesday said they had actually lodged a joint application with anti-trust regulators looking for approval to jointly negotiate with Apple Inc (O:-RRB- to install their own electronic payments applications on iPhones. Apple, which runs its own Apple Pay mobile wallet, does not permit third-party electronic payment apps to be filled onto to the extremely popular smartphones. A spokesperson for the banks told Reuters their view is that position total up to anti-competitive habits. The country’s second-biggest lender, Commonwealth Bank of Australia (AX:-RRB-, and number 3, Westpac Banking Corp (AX:-RRB-, teamed up with NAB to file the application with the Australian Competition and Customer Commission. A spokeswoman for Apple in Australia wasn’t instantly available to comment.
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