Economy

Apple Pay expands to four new countries

Apple Pay expands to four new countries”

While Apple Pay will be supported by UAE credit and debit cards from MasterCard and Visa, the following banks are now accepting it - Emirates NBD, Mashreq, HSBC, RAKBANK, Standard Chartered and Emirates Islamic. The launch of the Apple Pay means that they will be directly competing with Samsung Pay service, that was launched earlier this year.

"With the rollout of Apple Pay, we believe more consumers will encouraged its use and accept making contactless payments in the UAE".

The digital wallet is now ready to use on devices running iOS 11 and works with iPhone SE, iPhone 6, iPhone 6 Plus and later - Apple Watch. When paying for goods and services on the go in apps or Safari, Apple Pay is compatible with iPhone 6 and later, iPhone SE, iPad Pro, iPad Air 2, and iPad mini 3 and later. Apple Pay may soon be launched in the Netherlands, Poland, Norway, and Germany. Currently, it is available in 20 countries worldwide. "With almost one third of UAE residents already making purchases via their smartphones several times a month, Apple Pay launches at an opportune time for Visa cardholders, offering them a secure and seamless payment experience".

First, add your credit, debit, or prepaid card to the Wallet. Once verified by the bank, the details will be stored in your device.

Today, in Denmark, Apple Pay will work with Nordea bank customers and Jyse bank customers (debit cards only). Instead, in individual device account number is assigned, encrypted, and securely stored in the secure element on each device. Each transaction is authorized with a one-time unique dynamic security code. This will now enable Apple users to make payments through NFC based contactless payment at stores that offer the option. You will also be able to use your Apple Watch to make the purchase. "As more and more Europeans move towards digital parking payment methods, we are continuing to lead the way by providing our customers with access to the very latest secure methods to pay for their parking", he said.



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