Australia’s Top Banker Renews Warning on Apple Payments

  • Commonwealth Bank of Australia CEO Comyn speaks in Sydney
  • Comyn has pushed to cut power that Apple wields in payments
Matt ComynPhotographer: Brent Lewin/Bloomberg
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Commonwealth Bank of Australia Chief Executive Officer Matt Comyn renewed his warning on Apple Inc.’s power over the nation’s payments market, reigniting a years-long dispute about competition in a booming area of finance.

“They should be subjected to a lot more scrutiny in Australia,” Comyn said at a conference in Sydney on Monday.