we are working hard to meet the deadline next year. knowing apple abit "kerek", missing the deadline means we will be moved to the end of the queue.

BNM doesn’t allow banks to transfer any transaction fee to consumer.

if bank couldn't find a way to transfer cost to consumer or merchant, or they cannot make profit by just enabling apple pay, they wont enable it.

That is the reason why many banks don't offer apple pay because it has additional cost.

Some banks willing to absorb the additional costs simply they want you to spend more with apple pay, if you don't make enough transaction, they charge you annual fee.

remember, business always seeking profit, no one want to give free things.

Taobao is a good example, if you use apple pay, transaction fee is higher than using normal credit card. Taobao is in China and not under BNM governance, hence they can transfer cost to consumer.


This post has been edited by Kiding: Aug 16 2024, 08:19 PM

Are you aware of how conflicting your argument is?

First, you said Apple is taking money from us, I countered that claim.

Then you shouted, "Bank will transfer the cost to us!" But when I pointed out the contradiction, you suddenly switched to discussing why banks won’t enable Apple Pay.

Each of your points might looks ok on its own, but together they don’t form a coherent argument.

I didn't make it clear enough, bank will transfer cost to us “indirectly”, consumer pay the apple tax at the end.

Can I ask who “we” is and what deadline are they trying to meet? Are you saying MyDebit will be supported on Apple Pay just like eftpos in Australia?

yes

Thanks for the reply. Person of few words I see hahaha. I’m gonna guess you work for PayNet, so your cryptic response is justified.

You’re contradicting yourself with a series of inconsistent statements, one after another. You haven't addressed the questions that were raised but instead keep introducing new conflicting arguments, which lack consistent reasoning.

If you insist on calling this a "tax", despite there being no difference when someone pays with or without Apple Pay, then every mobile payment, card payment, e-wallet, and other non-cash transactions would also be subject to this "tax".

Do you think that payment solution providers are non-profit organizations? They all offer these solutions to generate profit ultimately.

This post has been edited by Steve78: Aug 20 2024, 07:32 PM

agree with no difference consumer pay with or without apple pay (except taobao)

but bank would give 0.15% cut of transaction fee to apple, since bank get less profit, they will find way to make it up, who is the target bank going to make money, you guess.

HSBC and SCB credit cards charge me hefty annual fee if I don't spend enough in a year.

I can see those banks don't offer apple pay because they cant make it up by charging consumer hefty annual fee or cover their lost from consumer.

at the end, the wool comes from the sheep, thats what i want to say.

Again, you shifted the discussion to why banks might not enable Apple Pay, which isn't directly related to the "Apple tax" or your assertion that "Banks will pass the cost to us!". All digital payment methods, whether it's Android Pay, Samsung Pay, TouchnGo, GrabPay or else, involve fees since none of these payment solution providers operate as non-profit entities, they all have a financial motive behind offering these services.

If we are talking about bank acceptance, nearly all banks and credit unions in the US, about 80% in the UK and Australia, and over half in most developed countries support Apple Pay. This shows that most banks are willing to give up a small cut to Apple in exchange for enhanced security and a better payment experience for their customers. In return, Apple Pay users use more of the bank's services, creating a win-win scenario.

Your HSBC and SCB credit cards impose fees regardless of whether you use Apple Pay, so it's amusing that you'd come to such a conclusion.

Thanks for the hint

Interesting to such vibrant representation of domestic card networks on Apple Pay with the likes of Interac (CA), mada (SA) and elo (BR) among others. The pace which such networks have popped up on Apple Pay is rather encouraging in recent years.

It is always great to have an option outside of the typical duopoly and hopefully the launch of MyDebit on Apple Pay will make our domestic network stronger!

This post has been edited by liberty0480: Aug 27 2024, 01:43 AM

The observations regarding the overwhelming support for Apple Pay among banks in the US, UK and Australia is definitely true, and I would like to point out a slightly different viewpoint on the Australian banking landscape.

I believe that the banks in Australia is NOT as willing to pay the cut to support Apple Pay as it seemed, here's why:
1. 3 out of the big 4 banks formed a cartel after Apple Pay's launch in Australia attempting to force Apple in allowing access to iPhone’s NFC function for payment
ANZ Bank was the first to launch Apple Pay in Australia in 2016 (Source). Soon after, the 3 big 4 banks alongside another bank attempted to form a cartel to pressure Apple into allowing them access to the NFC function for payment (Source).

The attempt failed in 2017 when the competition watchdog in Australia ruled against this cartel formation (Source).

2. All of the big 4 banks in Australia supported Apple Pay today due to competition
As mentioned above, the first Apple Pay bank support in Australia was 2016. Despite the cartel formation having failed in early-2017, it wasn't until early-2019 that the 2nd bank (Commonwealth Bank) joined the party (Source). What we noticed soon after is that both NAB (Source) and Westpac (Source) launched respective's support as well for Apple Pay in mid-2019 and early-2020 respectively.

For anyone interested, Commonwealth Bank is the largest in Australia with a sizeable margins whereas ANZ is either 3rd or 4th. The above may point towards that Commonwealth Bank's decision to support Apple Pay as the domino piece to push the other 2 uninitiated parties onto adopting and paying the cut to Apple.

3. Commonwealth Bank CEO's stance on tech firms including Apple
Some articles for your reading:
Commonwealth Bank CEO: Apple Needs ‘More Scrutiny’
Not enough scrutiny of Meta, Apple, Google, says CBA’s Matt Comyn


While I definitely hoped that all card issuers will offer Apple Pay to their cardholder, ultimately it remains a commercial decision to be made by the issuers.
With that said, RHB Bank's recently addition to the Malaysian Apple Pay line-up is definitely a step towards incentivising other card issuers to adopt Apple Pay so as to remain competitive!

Surprisingly I manage to add Maybank cards to iOS 18 wallet app.
Previously back and forth with Maybank CS and still unable to add card to the point I gave up.

-removed-

This post has been edited by tzxsean: Oct 24 2024, 07:00 PM

Isn't it supported for a while?

is it? opps .... malu ..I only prompted today

This post has been edited by tzxsean: Oct 24 2024, 07:00 PM

Add cards through nfc on Ios 18

I tried.
But the card I want to add "UOB" does not support Apple Pay at all.
When will UOB MY actually realised that Apple Pay is useful for consumers.

Tell that to HLB, CIMB and PBB too.

the easier part is just applied those already available. to use applepay need to do integration and pay extra fees.