The bizarre thing about the announcement is that Apple Pay is only going to be available in the US when it is introduced as an iOS 8 update in October.
It's not as if our financial institutions and retailers aren't interested in this sort of thing. In early 2014, Commonwealth Bank introduced an iOS app that works with a pay tag (a reduced size credit card that attaches to the back of a iPhone) for contactless payments.
And in July 2014, Coles introduced its Mobile Wallet for iOS and Android, combining payment and Flybuys capability, again using a pay tag. This followed a 2013 trial of the pay tag technology.
So iTWire asked Apple what is preventing the immediate introduction of Apple Pay in Australia, and which local banks have been approached and showed interest.
The answer: "We have no further details at this time."
That's a shame, because it looks as if Apple may have got contactless payments right.
The problem with 'tap and go' transactions is that there's no more security than there is with cash - if someone has the card (or pay tag, assuming the account hasn't been disabled via the app), they can make a purchase.
Making payments from a suitably equipped Android phone is cumbersome: from what we've seen of systems such as Google Wallet that use a phone's built-in NFC functionality, the sequence is unlock the phone, run the app, select the card, make the payment.
But because Apple Pay integrates with Passbook, it appears that you can leave the card selected on the lock screen, then pay by holding your finger on the fingerprint sensor and tapping the phone, thus gaining convenience and security.