Australia's Commonwealth Bank mocks Apple's 'pro-competition' claim [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
behavior over control of payments on its phones, which have grown to about a third of all consumer payments. The remarks come after the competition regulator told the Australian Financial Review newspaper this month that it was reviewing whether Apple's iPhone architecture breached competition laws. Still working from home? Here's how to get a tax break Advertisement Matt Comyn, chief executive at the Sydney-based bank, urged lawmakers to boost scrutiny of technology giants, saying payments through digital wallets developed by Apple and Alphabet's Google formed about 45% of all consumer payments. Advertisement Article content “The … claim that Apple is pro-competition, I think, is a fair statement, as long as one accepts that competition is welcome as long as no one can compete with Apple,” Comyn told a regular parliamentary committee. The bank has been calling for Apple to free up the Near Field Communication (NFC) chip on its phones for the use of banks' own apps, ci
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