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Apple Pay's dominance, gatekeeper role raises potential competition concern for Australian regulator

By Laurel Henning ( July 27, 2021, 06:29 GMT | Insight) -- Apple Pay’s significant market power in the contactless payment market is raising potential competition concerns in Australia, senior officials have told the country’s parliament. With payment systems and services excluded from an ongoing five-year digital platform inquiry by the Australian Competition & Consumer Commission, the regulator hasn’t done a public deep dive into restricted access to Apple’s Near Field Communication as seen overseas, but it could still take the issue to court.Apple Pay’s significant market power in the contactless payment market is raising potential competition concerns in Australia, senior officials have told the country’s parliament....

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