Ron Burgundy Posted December 9, 2015 Share Posted December 9, 2015 By Matt Siegel SYDNEY (Reuters) - Apple Inc is struggling to persuade Australia's big banks to sign up for its Apple Pay mobile payment system, people familiar with the matter say, as the technology giant works from an unfamiliar negotiating position: weakness, not strength. Apple rolled out the service in Australia last month with support for payment cards issued directly by American Express Co. The move is part of the iPhone supplier's global drive to extend its mobile consumer electronics prowess into financial services, with a China launch expected soon. "The banks here feel like they've done the hard work in bringing contactless payments already to Australia and Apple is just going to come in...and eat their lunch," said Foad Fadaghi, managing director of technology research firm Telsyte. View the full article Quote Link to comment Share on other sites More sharing options...
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