House Standing Committee on Economics (part 2 of 2)
24 February 2026
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House Standing Committee on Economics Australian Parliament
00:00 - 00:37
Speaker 25
Would be wrong, and it led to the first ever antitrust action in The US, when railroads were arguing the same thing years and years and years and years ago. I mean, why is it that Apple, with its market dominance, should not be dealt with with respect to this take it all? It it is genuinely seen as a take it or leave it approach. You charge that that money per transaction, and you will not allow access to the NFC. Like, why why should that be sustained?
I'm not saying Tim Cook's a Vanderbilt, but... You know?
00:40 - 01:10
Speaker 7
I wouldn't characterize it that way. I think we see things a little bit differently. Again, I think banks really do have options, including one of the options I've actually put together is, you know, we have Apple Pay, and access to the NFC through Apple Pay and Apple Wallet. One of the things that we heard from from banks and developers that they wanted another option outside of Apple Pay and Apple Wallet, and that's something that we created with this NFC NFC platform. And, you know, that is now an alternative that we have made available, to to banks.
So that's an option that they can have as well.
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