Mikey Campbell
Canadian Apple Pay users have three more banking options from which to choose, as Apple on Wednesday rolled out support for the country's remaining "Big Five" banks BMO, TD and Scotiabank.
The latest Apple Pay bank additions, reported by The Toronto Star, come less than one month after the payments service integrated with systems from RBC, CIBC and smattering of smaller establishments.
Apple Pay was first introduced to the Canadian market in November, but initial availability was limited to American Express credit cards. Wider support was announced earlier this year following successful negotiations with major banks and Canadian interbank network Interac, the latter of which developed a new token service to process debit card-based Apple Pay transactions.
Today's additions come just one week after Apple Pay gained five major banks in Singapore. As it did in Canada, Apple leveraged its partnership with American Express to offer consumers in Singapore relatively early access to touchless iPhone and Apple Watch payments. After going live in April, the company hammered out deals to bring comprehensive coverage to more than 80 percent of all Visa and MasterCard cards issued in the country.
Looking ahead, Apple Pay chief Jennifer Bailey last week said the company is working to rapidly expand in areas of Asia and Europe. The endgame, Bailey said, is to offer Apple Pay in every major market Apple products are sold.
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16 Comments
Rene Ritchie will be elated.
FINALLY
I can say confidently that the fractional loss in transaction fees for supporting Apple Pay and similar services is far smaller than the fees and capital lost by customers who switched to competitors. (I for one switched credit cards to take advantage of the convenience of Apple Pay.)
We're finally there!
Now bring more flyover maps to Canadian cities please.
Added my main card to Apple Pay. Now I can finally go outside without any cards *cough*wait-a-sec*
So just as a warning, as I also jumped on the AMEX Apple Pay originally. The POS systems will sometimes reject and request inserting your card. If you see that, you'll still need your card to complete that transaction. AMEX is seen as a US-issued/US card by default, if you insert the AMEX card it will try to do a chip+sign transaction. So don't be surprised if it does this.