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Commonwealth Bank partners with Apple Pay

Commonwealth Bank partners with Apple Pay

After years of combating for NFC get admission to, the large financial institution will in spite of everything be offering Apple Pay in January 2019.

2019 hasn’t even begun and it is already taking a look to kick off to a excellent get started! Commonwealth Bank has introduced that it’s partnering with Apple Pay from January 2019. No explicit release date has been showed but, however this information comes as a wonder after a few years of CBA combating with Apple Pay for NFC get admission to.

Apple Pay can be to be had to CBA bank card and debit card holders, letting them hyperlink their playing cards to the cell pockets to make contactless bills with their Apple gadgets in retailer.

Previously, CBA consumers needed to order a CommBank PayTag to stay at the again in their Apple software to make contactless bills. It used to be to be had for a one-off price of $2.99.

Apple Pay first launched in Australia with ANZ in 2016 and CBA consumers were very vocal about their want to use it ever since. In 2016 and 2017, CBA (alongside with different main banks together with Westpac and NAB) approached the Australian Competition and Consumer Commission (ACCC) in an try to negotiate get admission to to Apple Pay and NFC on Apple gadgets. The ACCC rejected this notion, claiming that it could in the end be destructive to customers and would distort pageant out there.

However, this did not halt CBA consumers’ consistent questions round Apple Pay. After achieving out for comments, the financial institution discovered that Apple Pay remained at the wishlist for plenty of.

“We recently wrote to our customers asking them what the bank could do differently and we received lots of excellent suggestions,” mentioned CBA team government of retail banking services and products Angus Sullivan. “One of the things we heard repeatedly from our customers is that they want Apple Pay.”

Although the announcement is excellent news to many, some former consumers have long gone to Twitter to voice their sentiments of “too little, too late”.

“Too late, I’ve already moved away. But I do applaud CommBank for finally launching Apple Pay,” tweeted one consumer.

CBA now joins ANZ as the 2 Big Four banks with get admission to to Apple Pay. The partnership additionally implies that CBA consumers can now use the entire main virtual wallets, because the financial institution has already partnered with Samsung Pay and Google Pay for Android customers. CBA additionally has its personal CommBank Tap and Pay cell pockets which is to be had for iPhone and Android customers. You can compare all of the banks partnered with Apple Pay on Finder.

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Picture: Commonwealth Bank

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