The much anticipated Apple Pay which is expected to work seamlessly with MasterCard and Interac at BMO, Visa and Interac at ScotiaBank, and Visa, MasterCard, and Interac at TD Canada Trust. The cards which match up all criteria can be scanned by simply tapping the “Add Credit Card” option in the Wallet app in iOS 8.1or ater version once the support starts officially.
As of May, there have being the three pending banks which were listed in the Apple Pay’s official website in Canada. ATB Financial and Canadian Tire Bank are reported to be planning support for the in-app purhcases utilising the Apple Pay on compatible iPhone and iPad tablets.
So this is a big news for Canadians as the payment gateway method will now be available in the Canadian’s top 5 most valuable banks which actually covers about 90% of the total bCanadian banking customers, after CIBC and RBC began supporting the iPhone-based mobile payments service three weeks ago. All three banks serve over 50 million customers collectively worldwide
Although the conetmplation still holds as if Tangerine a company which is also owned by the Scotiabank will actually support the Apple Pay system. Other that are assumed to join the bbig thing in the future will include Desjardins and National Bank of Canada, Quebec financial institutions and also Vancity and Meridian but the big question is that these banks aren’t listed among the coming soon list on the Apple Pay’s official website.
As a matter of fact the Apple Pay system can be used anywhere to virtually make payments anywhere that contactless payments are being accepted in Canada which also includes the Apple Stores, anadian Tire, Chapters, Coles, Indigo, London Drugs, Mark’s, McDonald’s, On The Go, Petro-Canada, Pizza Hut, Staples, Tim Hortons, and hundreds of other merchants nationwide.
Apple Pay support is also coming soon to Air Canada, Aldo, Domino’s, Pizza Pizza, Zulily, and the TTC transit system in Toronto. Additionally, the payments service can be used in apps such as Apple, Delta, Etsy, Fancy, Groupon, Kickstarter, Priceline, Starbucks, Ticketmaster, Uber, and Zara starting in June.
Apple Pay is compatible iPhone 6s Plus, iPhone 6, iPhone 6 Plus, and iPhone SE, in addition to the Apple Watch when paired with an iPhone 5 or later, for in-store payments, while the iPad Pro, iPad Air 2, iPad mini 4, and iPad mini 3 support Apple Pay for in-app purchases only.
Apple Pay has also been available for non-bank-issued American Express cardholders in Canada since last November. The innovation was launched by the tech firm dating as far back as 2014 and this got expanded to the UK as of July 2015. The service ever since has being available in other big countries like Australia, China and Singapore. The company is also working as fast as it can to make things work out in other regions like Hong King, Spain and likely others will include France, Brazil, Japan. The availability of the payment system could change the way payments are being made to the next level.