Commonwealth Bank of Australia CEO Matt Comyn renews call for scrutiny of Apple's dominance in Australia's payments market.

Commonwealth Bank of Australia CEO, Matt Comyn, renewed his warning on Apple's dominance in the nation's payments market during a Sydney conference. Comyn called for increased scrutiny of Apple and has previously advocated for more competition in the market. Apple, which partners with and competes against domestic banks, denies access to the NFC chip on its iPhones, requiring banks to rely on Apple Pay for payments.

March 11, 2024
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