Menu
Australia is well prepared for Apple Pay: Infosys

Australia is well prepared for Apple Pay: Infosys

IT consulting firm finds that is capable of adopting Apple Pay more readily than US.

Australia has a better prepared payment ecosystem for Apple Pay than the US, according to Infosys.

Consulting and systems integration managing partner, Robert Liong, said all payments terminals in Australia are already accepting EMV chip and PIN-based cards.

“EMV is the underlying technology of Apple Pay with some additional features like Touch ID and tokenisation to make it even more secure,” he said.

“This will allow all EMV terminals in Australia to accept Apple Pay’s NFC protocols.”

When Apple Pay was introduced in the US, VISA, MasterCard and Amex all supported it.

Liong said it will be up to card issuing banks and merchants to work with Apple to add support the technologies used by Apple Pay, such as processing the dynamic security code, iPhone device account number, and unique payment number.

“All payments participants in Australia will now have to support the EMV’s new tokenisation specification that was released in March 2014 to support the system,” he said.

Apple Pay is the first implementation of EMV’s tokenisation specification in the world.

Need for local partnerships

For Apple Pay to be usable at the time of a purchase, Liong said Apple must take the first step in partnering with issuing banks, payments networks and merchants.

However, weeks following the launch of the new iPhones, not a single Australian bank is Apple Pay enabled.

Infosys digital strategist and A/NZ head of enterprise mobility consulting, George Eby Mathew, expects merchants on the EMV network to automatically accept Apple Pay once Australian banks endorse the technology, though said there has been a push back from some of the major retailers in the US.

“That’s because Walmart, Best Buy, and others are part of a consortium called MCX [Merchant Customer Exchange], which are working on its own rival smartphone payment app,” he said.

MCX’s smartphone payments system, CurrentC, is set to launch at some point in 2015.

Another potential obstacle for the local uptake of Apple Pay is the penetration of enabled devices.

“The Android smartphone market driven by the likes of Samsung and Google has grown tremendously since the iPhone was first launched, and Apple no longer has the market dominance it once held in the smartphone space,” Mathew said.

Patrick Budmar covers consumer and enterprise technology breaking news for IDG Communications. Follow Patrick on Twitter at @patrick_budmar.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags contactless paymentiphone 6AppleNFC paymentsApple Pay

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments