Reserve Bank governor Philip Lowe says new powers over global technology companies providing payments through smartphones could be used to investigate whether restrictions Apple places on bank access to its digital wallet Apple Pay are anticompetitive.
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au