Two Major Australian Banks Refused To Participate In Electronic Money
On September 9, two major Australian banks rejected criticism that they were hindering the competition in the market when they refused to cooperate with electronic money providers (00/1 : 59 South Vietnam ATM points of Australia National Bank (NAB). Photo: Reutershai Among Australia's largest banks is the Australian National Bank (NAB) and Bank Westpac on September 9 rejected criticism that they are hindering the competition in the market when words Leaving cooperation with electronic suppliers. Many Australia's leading financial institutions have not participated in electronic money even though this field has grown very strongly in the past year because of high risks. ASX LTD Stock Exchange also has the same move when not allowing listed companies related to electronic money, forcing some companies to find ways to publicly list in foreign markets, including Both Nasdaq. Table at the regular hearing of the National Assembly, CEO NAB Ross McEwan said this is one of the emerging issues, so the Bank is considering solutions related to electricity money McEwan said NAB does not have policies, as well as services dedicated to customers related to electronic money, and This will only occur when the bank can withstand risks and benefits
