After the US, Apple has officially launched Apple Pay in the UK.
American Express, First Direct, HSBC, Nationwide, NatWest, Royal Bank of Scotland, Santander and Ulster Bank served as Apple Pay’s launch partners.
According to Apple, the service will be available in 250,000 locations.
Apple Pay Vice President Jennifer Bailey confirmed that the current point of sale terminal software is capable of processing low cost transactions, though purchases above 20 pounds will need software upgrades. Once merchants decide to update their POS systems, the limit is expected to rise to 30 pounds in September, reports TechCrunch.
If Apple is here, can Google be far behind? Although a lot of enthusiasm is being observed amongst people for Apple Pay, Google stands as a tough competition on its way with Android Pay which brings together mobile carriers, payment networks, banks and retailers to allow smartphone users to use their phone instead of making card payments. To read more, click here.