Apple Pay is coming to Australia — but only with American Express

Apple Pay is coming to Australia — at least for those who can afford an American Express account and can find a retailer that accepts it

American Express (Amex) have teamed up with Apple to introduce the tap-and-go payment service to Australia and Canada by the end of the year and Spain, Singapore and Hong Kong in 2016. It will allow customers of the bank to pay by tapping their iPhone, Apple Watch or iPad near a contactless payment system.

The move was announced on Wednesday by Apple CEO Tim Cook in the company's Q4 earning call. It is sure to disappoint customers of the big four local banks — ANZ, Commonwealth Bank, National Australia Bank and Westpac — who will have to continue to wait until their banks get on board. Read more...