this post was submitted on 28 Nov 2023
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128
Australia to amend law to regulate digital payments like Apple, Google Pay (www.reuters.com)
submitted 9 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world
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[–] Quatity_Control@lemm.ee 1 points 9 months ago

I think this will tie in with updates to the CDR legislation coming soon. These digital wallets hide a lot of data from the banks. Bringing them under banking legislation allows banks to pull CDR data from the wallets as a condition of use.