Bendigo Bank supports Apple pay now and the platform is compatible with various debit and credit master cards. Bendigo Bank lost the fight in March this year to get the access to the NFC chip used in iPhones so that they could have offered their own integrated digital wallets to its customers. For the group that fought against Apple, it is an enormous breakaway.
Now, the customers can enjoy all the benefits of their Bendigo bank Mastercard with Apple Pay on iPhone, Apple Watch, iPad, and Mac. It is very easy to use Apple Pay and the card information remains secure as it is not shared or saved when the transaction happens. Paying in stores, apps and on the web has become easier after the amalgamation of Bendigo and Apple Pay.
Bendigo Bank, Commonwealth, NAB and Westpac once joined hands in a hope to get the ACCC approval act so that they negotiate together anticipating that Apple would change its terms, something which has never happened before with any other bank. These banks including Bendigo wanted to gain the access of iPhone NFC, they argued that this would increase the competition, innovation, and investment into the digital wallets. Yet ACCC suggested that it is going to interrupt Apple’s hardware and software incorporation. Also, customers may benefit from a platform where the banks are forced to compete with each other. However, Apple is more interested in maintaining the exclusivity of NFC while it earns a small fee from every Apple Pay Transaction.
There are numerous banks and credit unions along with Bendigo bank which now supports Apple Pay in Australia which is one of the most important markets in Asia Pacific regions