Apple Pay boss Jennifer Bailey says she believes Australians will be “happy to switch banks” in order to use Apple Pay, while the group of four Australian banks wanting the ability to collectively negotiate with Apple over the introduction of the mobile payments service risks “being left behind” in the development of digital wallets by doing so... More
ING Direct and Macquarie Bank have become the latest banks to sign up to support Apple Pay in Australia... More
The mobile wallet market will exceed US$4tn by 2021, Infiniti Research predicts, up from close to $1tn in 2016... More
Apple Pay has the largest percentage of supporting US merchants with 36% accepting the mobile payment service today, up from 16% last year, research released by Boston Retail Partners (BRP) reveals... More
Australian banks are using fees on Apple Pay transactions as a “trojan horse” to discourage the use of its mobile payments service and to condition consumers to accept transaction fees with the “longer term view to setting a precedent for charging for mobile payments on other digital wallets,” Apple claims in its latest submission to the Australian Competition and Consumer Commission (ACCC)... More
“Close financial partners and job postings on Apple’s career page hint that the company is interested in more closely integrating Apple Pay into loyalty programs that reward customers for using the mobile wallet,” Quartz reports... More
Two thirds of 18- to 25-year-olds in the UK (64%) are using a mobile wallet, while only 14% have “no interest” in doing so, research released by social money transfer app Moneymailme reveals... More
Apple Pay could encourage competition between banks on credit cards in Australia, prompting more promotions and discounts, according to Apple’s latest submission to the Australian Competition and Consumer Commission (ACCC)... More
The number of Apple Pay users has more than tripled over the past year, with transaction volume up 500% year-over-year, Apple CEO Tim Cook revealed during the company’s first quarter earnings call. The mobile payment service is also expected to launch in Taiwan “soon”. More
Mobile POS provider Square is encouraging small traders across the US to promote Apple Pay to customers by letting them process more than US$12,000 worth of Apple Pay payments for free — a saving of $350 in processing costs... More
The number of monthly US Apple Pay credit card transactions conducted in-app, online and at the in-store point of sale grew by 50% between December 2015 and December 2016, research released by consumer spending analytics portal TXN reveals, with mobile apps and websites attracting the highest proportion of transactions... More
France has become the first eurozone country in which consumers with iOS devices can use Wirecard’s Boon service to make purchases with Apple Pay, by adding a virtual Boon card to the mobile payment service... More
US bank Fifth Third has announced it will support the five major mobile payment services — Android Pay, Apple Pay, Masterpass, Microsoft Wallet and Samsung Pay... More
Apple Pay users in Singapore are being offered a string of discounts when using the mobile payment service to celebrate the Chinese New Year... More
Customers of Australian bank ANZ who report their card as lost or stolen will be issued with a replacement card instantly through Apple Pay or Android Pay... More
US consumers making purchases at 300,000 self-serve machines across the country will soon receive exclusive offers, promotions and discounts toward future purchases when using Apple Pay to complete a payment... More
Commuters paying with Apple Pay or a contactless bank card across the Moscow metro are receiving a 20% discount off the ticketing price, Russian publication Appsad reports... More
Customers of Singapore bank POSB are being given S$8 (US$5.54) cashback when using Apple Pay to pay for purchases at major supermarkets, including NTUC Fairprice, Cold Storage, Giant and Sheng Siong... More
Volkswagen Financial Services AG, the financial services division of German vehicle manufacturer Volkswagen Group, has bought mobile payment platform PayByPhone to “highly increase” its involvement in mobile payments around the world and to establish a “separate business field around the theme of parking”... More
Apple has added 14 banks and credit unions to its list of financial institutions in China supporting Apple Pay, and a further 30 in the US... More