Apple Pay to Make Its UK Premiere in July
Apple Pay is finally making its way to the European market. Apple announced it will be launching its mobile payment service in the UK in July, and it will be available at more than 250,000 locations.
Apple Pay was initially launched in the United States last October. The mobile payment system has grown significantly since its release. The app originally only supported payments from approximately 500 financial institutions, but it is now compatible of 90% of U.S. credit cards.
At the time of its release, Apple Pay will be compatible with 70% of credit and debit cards in the United Kingdom. The company announced that Apple Pay will support UK credit and debit cards from MasterCard, American Express and Visa Europe, which are issued by a number of the UK’s largest banks, including Royal Bank of Scotland, Ulster Bank, HSBC, Santander, Nationwide Building Society and NatWest.
“We told you last year our goal is to replace the wallet. We couldn’t be happier with our progress.” said Jennifer Bailey, vice president of Apple Pay business.
Apple Pay is currently available on the iPhone 6, iPhone 6 Plus and Apple Watch. Its competitor, Android Pay, will provide similar services for Android based phones, but it is not set to launch until later this year. Google has already made deals with American Express, Visa, MasterCard, Discover, and other major banks to prepare for its upcoming release. Mobile wallet enthusiasts may also look forward to the launch of Samsung Pay, which will be compatible with Android devices manufactured by Samsung.