Business
Banks square up to Afterpay and Apple in payments fight – Sydney Morning Herald
It’s becoming increasingly clear that the major banks have a fight on their hands, and the threat is coming from both fintechs…
Apple, meanwhile, is benefiting from the decline of cash, also sped up by COVID-19. Payments on digital wallets have nearly doubled in the past year, according to CBA (Apple does not publish its own figures on the matter). Phones are slowly displacing plastic…
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