Apple unlikely to listen to 'hypocritical' banks in long-term digital battle

Australian banks are being hypocritical and are unlikely to succeed in trying to force Apple to open up its iPhones and let their digital wallets make tap-and-go payments, tech industry experts and fintech startup rivals said.

Four of Australia's largest banks made headlines around the world last week when they sought permission from the Australian Competition and Consumer Commission to give them permission to collectively negotiate with Apple, and make it allow them the same access to its phones' hardware as its own Apple Pay service.

The competition watchdog is deciding how to respond to the request of Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corp and Bendigo and Adelaide Bank, but tech industry watchers said the world's largest company had a long history of stubbornly refusing to let outsiders inside its iTunes eco-system, and was unlikely to change its attitudes to appease Australian banks.

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