"NFC and mobile payments is still an emerging solution and I still think it will be some time before all the interested parties are ready to come to the fore," Westpac head of mobile payments, Daryl Babus, told Computerworld Australia.

"We will continue to monitor closely what Apple is doing in this space."

The , the bank's technology head of strategy and innovation, Denis Curran said at a recent conference in Sydney.

"We all thought that the Apple iPhone 5 would come out with NFC," he said.

"What will that do to adoption of NFC in Australia for mobile? How do we adapt our strategies to them?"