Apple Pay is gearing on a new direction with the collaboration of the big banks of Canada. CIBC, RBC, MO, TD and Scotiabank are among the affirmed bank segments that will utilize the technological advancement.
Apple Pay mobile payments have now conquered Canada with a full rollout on Wednesday across all the biggest banks, inking deals with the big banks and other credit card companies to bring the digital wallet to Canada, reports Toronto Star.
#ApplePay is downloaded and ready to use! Easy to set-up and easy to use! Thanks! @KellyLam_TD pic.twitter.com/Elu8vpU4rn
— Robert Bayntun (@BobBayntun_TD) June 2, 2016
To prove the latter, BMO, TD and Scotiabank have followed suit, granting customers to pay their purchases by holding their phones up to payment terminals. Also, all of the Big Five banks, as well as Alberta-based ATB and Canadian Tire, are also launching in-app payments for credit cards, which will allow users to make online payments to retailers on their iPads and iPhones using apps, reports the same post.
#ApplePay transactions totaled $10.9B in 2015, suffers growing pains, report says https://t.co/NTmW0toGe1 pic.twitter.com/TYI51l50mb — AppleInsider (@appleinsider) June 2, 2016
CIBC and RBC began using the app last May 10, and it has been noted that the other banks are still prepping up to launch the application within this month. Looking back, Apple Pay was first introduced to the Canadian market in November. But initial availability was limited to American Express credit cards, which is why there is a need for wider options, according to Apple Insider.
On a different note, Apple Pay has already conquered 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, as further noted by the same post.
It is undeniable that Apple Pay is expanding its horizon and Canada's big banks are the outcomes of its company visions.
