31 more Australian banks have partnered with Apple Pay

Sally McMullen 9 November 2016

applepaypayment

Four million more Australians will now be able to use Apple Pay following a partnership with Cuscal.

Apple has signed a deal with credit card processing behemoth Cuscal, giving an additional 31 banks access to the Apple Pay contactless payment facility. This means that cardholders with issuers like Credit Union Australia, Police Bank, Bank Australia and dozens of other banks and credit unions will now be able to use their iPhone or Apple Watch to make contactless payments at the checkout. While a launch date hasn't been announced yet, Cuscal has confirmed that its customers will be able to take advantage of Apple Pay "soon".

You can browse the full list of banks and credit unions that will be given access to Apple Pay below:

  • Bank Australia
  • Bank Sydney
  • Beyond Bank Australia
  • Big Sky Building Society (Australian Unity)
  • CAPE Credit Union
  • Central West Credit Union
  • Illawarra Credit Union (Catalyst Money)
  • Community First Credit Union (Northern Beaches Credit Union)
  • Credit Union Australia (CUA)
  • Credit Union SA
  • Defence Bank
  • EECU
  • First Option Credit Union
  • Goldfield Money
  • Goulburn Murray Credit Union Co-Op
  • Holiday Coast Credit Union
  • Horizon Credit Union
  • Intech Credit Union
  • Laboratories Credit Union
  • My State Bank (The Rock)
  • Northern Inland Credit Union
  • People's Choice Credit Union
  • Police Bank (Customs Bank)
  • QT Mutual Bank
  • Select Encompass Credit Union
  • South West Slopes Credit Union
  • Sydney Credit Union
  • Teachers Mutual Bank (UniBank)
  • The Mac (Macarthur Credit Union)
  • Warwick Credit Union
  • Woolworths Employees' Credit Union

Prior to this partnership, Apple Pay was only available for American Express and ANZ customers in Australia. It's looking unlikely that the remaining big four banks will get access to Apple Pay anytime soon, though. Back in July, a number of Australian banks, including Commonwealth Bank, NAB and Westpac, requested permission from the Australian Competition and Consumer Commission (ACCC) to negotiate with Apple to access both Apple Pay and NFC antenna in iPhones to give cardholders the option to use either Apple Pay or the banks' apps to make contactless mobile payments. Apple has argued that the banks can't be trusted with the security and its latest submission to the ACCC maintained that the banks' behaviour is driven by a fear of promoting competition in mobile payments.

So, while we'll see 31 more banks and credit unions join the Apple Pay ranks soon, you're unlikely to see NAB, Westpac or CommBank on board in the near future.

Picture: Shutterstock.

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