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Australian Banks ING Direct and Macquarie Now Offering Apple Pay to Customers

Australian Banks ING Direct and Macquarie Now Offering Apple Pay to Customers

As expected, both ING Direct and Macquarie are now offering support for Apple Pay in Australia. Starting today, customers of either bank can use Apple’s contactless payments system to pay for goods and services at participating merchants.

Australian Banks ING Direct and Macquarie Now Offering Apple Pay to Customers

MacRumors notes Apple Pay first became available in the country a little over a year ago via a partnership with American Express.

Although Apple Pay has received support from 13 Australian financial institutions, all but one are of the smaller, regional variety. ANZ is the only member of the “big four” banks in Australia to offer the contactless payments service to their customers. Meanwhile, National Australia Bank, Commonwealth Bank of Australia and Westpac Banking Corp, are fighting Apple over access to the iPhone’s built-in NFC capabilities, demanding access to the feature for their own, competing payments systems.

Apple asserts that the three banks want to force Apple to accept their terms, including allowing them to charge their customers that choose to use Apple Pay.

Apple Pay is now available in Canada, France, Russia, Switzerland, the United Kingdom, Australia, Mainland China, Hong Kong, New Zealand, Singapore, Spain, Japan, and the U.S.

Apple’s contactless payments system works with the iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus, iPhone SE, iPhone 7, and iPhone 7 Plus; all Apple Watches; iPad mini 4, iPad Air 2, and both iPad Pro models. Macs are the latest addition to the compatibility list, as they can now use Apple Pay as of the debut of macOS Sierra.

Adding Your Credit or Debit Card to Apple Pay

Users can add their credit or debit card to Apple Pay, by doing the following:

  • iPhone users running iOS 9 can go to the Wallet app and tap the “+” icon in the upper right-hand corner to begin, and then just follow the prompts. Users of iPads with Touch ID can add a card to the service to use in apps by going to “Settings” -> “Wallet & Apple Pay” to add a card there.
  • Apple Watch users will need to enter the Watch app on their iPhone, Tap on the “Wallet & Apple Pay” option, and then tap the “Add Credit or Debit Card” option.

  1. melci says:

    The other three big banks will give in soon enough judging by the enormous success ANZ is seeing with Apple Pay:

    The Australian Financial Review reports that:  “ANZ Banking Group says 26 per cent of its customers are now using Apple Pay, and more than 10 million transactions have been made on the service since its launch, with Apple users spending 10 times more through their phones than Android users.”

    Separately the ANZ has reported a 20% increase in new users thanks to Apple Pay and Australians make more Apple Pay transactions a month than any other customers around the world.  

    Add to this the fact that “Apple Pay accounts for 75% of all contactless payments in the US” and that includes contactless credit cards as well as Android mobile wallet competitors.  Also “More than half of the mobile payment service’s transaction volume now comes from non-US markets.” 

    Considering the iPhone has 44.9% smartphone market share in Australia, similar to the 44.4% market share in the USA according to Kantar we are looking at very compelling evidence for massive Apple Pay adoption across the country.

    Then there is the fact that the Apple user demographic has far higher household income than Android users and the iOS platform generates 400% greater e-commerce revenue than the Android platform according to both IBM and Adobe and we see a perfect storm that will force the remaining banks to cave in soon enough for fear of losing their most lucrative customers to competitors.

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