Today the National Australia Bank (NAB) announced the addition of Apple Pay functionality for its users.
NAB customers will now now able to use contactless payments with their phones or Apple Watch as well as enjoy more a more convenient process when it comes to in-app and web purchases.
The Australian Competition and Consumer Commission has decided against allowing the Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank, and Bendigo and Adelaide Bank to collectively bargain with Apple - and to collectively boycott Apple Pay.
It’s here. NAB customers can now use Apple Pay. Just add your NAB Visa Card and start using Apple Pay wherever you can tap and pay. Apple Pay with NAB. Easy. T&Cs apply. https://t.co/bs5t9VIGwT pic.twitter.com/fDY5vbMRDA
— NAB (@NAB) May 20, 2019
NAB's introduction of Apple Pay into its ecosystem seems to be in response to increasing customer demands. Speaking to Business Insider, NAB's Chief Customer Experience Officer Rachel Slade said, "We’re continuing to listen to customer feedback and take action to become the bank our customers want."
"As part of our transformation we are investing significantly in our technology and digital services to support our customers to manage their money how they choose," she continued.
This makes it the third of Australia's big four banking institutions to take up this form of digital payment.
ANZ was the first to adopt the new tech in 2016. After a failed attempt by Westpac, NAB and the Commonwealth Bank to boycott Apple Pay in the same year, the latter finally jumped on the bandwagon in January 2019.
Westpac no remains the only major banking institution not offering the service.
Apple Pay works on the iPhone SE, all models after the iPhone 6, as well as on the Apple Watch.