FILE PHOTO: A customer holds the iPhone X during the global launch of the new Apple product in central Sydney, Australia, November 3, 2017. REUTERS/David Gray
SYDNEY (Reuters) -Commonwealth Bank of Australia accused Apple Inc on Thursday of uncompetitive behaviour over control of payments on its phones, which have grown to about a third of all in-person payments the country's largest lender processes.
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 made up about 45% of all physical consumer payments, as distinct from other payments such as online or direct debits.
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