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Australia to amend law to regulate digital payments like Apple, Google Pay (www.reuters.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 16 points 2 years ago (8 children)

Australia's government said on Monday it would bring Apple Pay, Google Pay and other digital payment services under the same regulatory umbrella as credit cards and other payments as part of legislation set to be introduced to parliament this week.

This is complete nonsense. Does the government even know what it’s saying? Apple Pay just refers to a credit or debit card loaded onto your device. It’s already fully covered by all regulations that apply to the cards themselves.

[–] [email protected] 19 points 2 years ago* (last edited 2 years ago) (1 children)

Literally the next sentence in the article:

Digital wallets […] have exploded in popularity but are not captured by Australian payments law.

The article doesn’t bother explaining what specifically the law does.

[–] [email protected] 0 points 2 years ago

Yes, the next sentence is blatantly false.

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