“Smartphone digital wallets offered by Google, Apple and other technology giants will put A$22bn of revenue across the major Australian banks at risk, according to Morgan Stanley… Its analysts came to that figure after looking into how a banks’ payments capability influences decisions relating to other products. This includes transaction accounts that give major banks […]

Read the rest of Analyst: Rise of OEM Pay smartphone wallets to cost banks US$15bn — in Australia alone at NFC World.