Australia's Commonwealth Bank mocks Apple's 'pro-competition' claim

By Reuters

Commonwealth Bank of Australia , the country's largest lender, accused Apple Inc on Thursday of uncompetitive behaviour over control of payments on its phones, which have grown to about a third of all consumer payments. The remarks come after the competition regulator told the Australian Financial Review newspaper this month that it was reviewing whether Apple's iPhone architecture breached competition laws. Matt Comyn, chief executive at the Sydney-based bank, urged lawmakers to boost scrutiny of technology giants, saying payments through digital wallets developed by Apple and Alphabet's Google formed about 45% of all consumer payments.

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