This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Comment: Why Australia is considering a backdoor solution to digital-wallet regulation

By Ryan Cropp ( July 18, 2024, 06:54 GMT | Comment) -- A unique collective bargaining application by Australia’s major banks back in 2016 made the country one of the first jurisdictions to take a good look at the market for mobile wallets. Nearly a decade later, though, while European enforcers have taken the regulatory fight to Apple Pay and Google Pay, the Australian Competition & Consumer Commission remains rooted in the starting blocks. But with new changes to the powers of Australia’s central bank making their way through parliament, the country’s antitrust enforcer might soon have the ability to take on the tech giants increasing control over mobile payments — albeit via the back door.It’s a good time to be a purveyor of fine digital wallets....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections