“We are delighted to add Apple Pay to our robust line-up of mobile payment solutions”.
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Apple managed to acquire Apple Pay support from three major Canadian banks.
Customers with all five of Canada’s big banks are now able to use Apple Pay.
It expects to shrink its Canadian retail footprint – which now consists of 1,006 branches – by about four or five per cent over the next two years.
What may be of most concern the famously service and quality-oriented Apple is the reports (albeit anecdotal) from Britain, China and Australia that suggest the Apple Pay service isn’t up to scratch. What do you think of paying for goods and services with your smartphone? Any new technology takes time to be polished and cured of bugs, which requires wider engagement for quick and efficient innovative progress.
Scotiabank is Canada’s global bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific.
A total of $14 billion was spent using contactless in 2015, with that figure expected to rise this year.
“Today’s announcement brings mobile payments to the mainstream, with Canada’s five largest financial institutions now offering Apple Pay to Interac debit cardholders”, stated Mark O’Connell, president and CEO of Interac Association and Acxsys Corporation.
“You have over 86 million contactless cards in circulation”.
On a different note, Apple Pay has already conquered five major banks in Singapore. “Not over that. There’s too much work involved just for tap-and-go”, he told Reuters.
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The other addition to Apple’s payment platform in Canada is support for in-app purchases, giving users the ability to pay for physical goods within apps via Apple Pay. Three months after the service’s local launch, users complained that it wasn’t as efficient or convenient as local competitors such as Tencent’s WeChat.
