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PayDay News | Australian Payments News

The NFC chip, the banks, and the distraction from the bigger payments fight

Technology Reporter
22 Apr, 2026
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Alex Zaharov-Reutt
Technology Reporter
22 Apr, 2026
Add us as a preferred source on Google
As the Reserve Bank mulls over the scope of its second payments consultation, it must consider whether regulating Google and Apple will really produce a more resilient and efficient payments system for consumers and merchants, or just deliver a win for the banks?
The NFC chip, the banks, and the distraction from the bigger payments fight
CommBank’s Ethan Teas (left) and Australian Banking Association CEO Simon Birmingham.

As the Reserve Bank mulls over the scope of its second payments consultation, it must consider whether regulating Google and Apple will really produce a more resilient and efficient payments system for consumers and merchants, or just deliver a win for the banks?

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