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Should the big four banks be worried about Apple?

Should the big four banks be worried about Apple?

FromThe Fin


Should the big four banks be worried about Apple?

FromThe Fin

ratings:
Length:
28 minutes
Released:
May 24, 2023
Format:
Podcast episode

Description

This week in The Fin podcast, senior reporter James Eyers on Apple’s latest push into financial services in Australia, what it means for the consumer and why it’s threatening the big four banks.Further reading:

Apple Pay on a roll and the banks are rattled to their core While Westpac and Tyro touted a deal with Apple this week to let iPhones accept payments, senior bankers are worried about where the tech giant will go next.
Apple lets iPhones accept payments for Westpac and Tyro The move expands the payments market, generating higher fees for banks and Apple, which is continuing to push for a cashless society.
Apple Pay costs for Australian banks revealed Apple is raking in more than $110 million in annual fees from Australian banks, an amount that will further rise as paying with mobile phones becomes more common.
See omnystudio.com/listener for privacy information.
Released:
May 24, 2023
Format:
Podcast episode

Titles in the series (75)

A weekly podcast from The Australian Financial Review that examines the biggest stories in business, markets and politics, and why they matter, explained by the best financial journalists in the country. Search The Fin and follow us wherever you get your podcasts.