Australia has a better prepared payment ecosystem for the new Apple Pay mobile payments system than the US, according to an Infosys executive.
Apple Australia has not yet announced any plan to launch Apple Pay in Australia. The system, which enables iPhone 6 users to make payments with a wave of their smartphone, is so far working only in the US and then not with some retail chains which are working on a rival mobile payments system.
However systems integration specialist Robert Liong told ARN that all payments terminals in Australia are already capable of accepting EMV chip and PIN-based cards.
“EMV is the underlying technology of Apple Pay with some additional features to make it even more secure,” he said. “This will allow all EMV terminals in Australia to accept Apple Pay’s NFC protocols.”
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.
