Wednesday, 01 May 2019 18:22

CommBank extends Apple Pay to business card holders

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CommBank extends Apple Pay to business card holders Courtesy Commonwealth Bank

The Commonwealth Bank has extended Apple Pay to its business card holders, with the bank saying it had seen a 400% increase in the use of mobile payments after Apple Pay was introduced in January.

The CBA, along with Bendigo and Adelaide Bank, National Australia Bank and Westpac, attempted to cut a deal with Apple over Apple Pay in 2017, but the Australian Competition and Consumer Commission denied them the right to negotiate collectively.

Subsequently, Bendigo and Adelaide Bank quietly adopted Apple Pay.

ANZ was not part of this cartel, and has been offering Apple Pay since April 2016.

In Wednesday's statement, the CBA's executive general manager of Business Customer Solutions, Clive van Horen, said: “Following the commitment we made to Commonwealth Bank customers in January, I’m excited to announce that Apple Pay is also available to business card holders from today.

“We are extending Apple Pay to business customers because they asked for it, and it’s part of our commitment to listen to our customers, put their needs first and take action to become a simpler, better bank.

"Delivering simple, intuitive digital payment solutions that provide choice and convenience, will continue to be a key focus for us in 2019.”

Westpac and NAB still do not offer Apple Pay. All four of the big banks offer Samsung Pay and NAB signed an agreement with Alipay in November 2018 to make the service available in 2019.

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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