October 17, 2024
UPDATE
Apple celebrates 10 years of Apple Pay
Jennifer Bailey, vp of Apple Pay and Apple Pockets at Apple, displays on a decade through which Apple Pay has enriched customers’ lives and shares new methods to pay with Apple Pay, together with rewards and installments.
Once we started our journey with Apple Pay 10 years in the past, we noticed a novel alternative to leverage Apple {hardware} and software program to make a significant affect on the monetary well being and lives of our clients. From the start, we envisioned a world the place you might use your iPhone to seamlessly pay for all the things from groceries to coach tickets, in individual and on-line, all over the world, whereas holding your private and monetary data protected and safe. non-public.
At the moment, Apple Pay is utilized by tons of of tens of millions of customers in 78 markets, at checkout on tens of millions of internet sites and apps, in tens of tens of millions of shops all over the world, and is supported by greater than 11,000 banks and community companions. Day by day we hear from clients how a lot they love the benefit, safety, and privateness protections that Apple Pay brings to their day by day lives, and the way a lot they get pleasure from utilizing it on all their gadgets, together with iPhone, Apple Watch, iPad, and Mac.
Certainly one of my first reminiscences of realizing how Apple Pay was positively impacting customers’ lives was after we carried out Apple Pay for public transportation in Tokyo, which is utilized by tens of millions of commuters every single day. I watched in amazement as folks rapidly tapped their iPhone or Apple Watch to pay as they handed by way of the turnstiles; No have to take out money, playing cards or cash out of your wallets, and even unlock or activate your system. It is an amazing instance of how Apple Pay’s safe and seamless buyer expertise brings comfort and peace of thoughts to customers all over the world, whether or not they’re commuting to work, buying on-line, or grabbing their morning espresso.
We all know how vital it’s for purchasers to really feel safe and belief that their monetary transactions are non-public when making a fee. That is why we’re at all times working to guard customers whereas permitting banks to have industry-low fraud ranges for Apple Pay transactions. And it is also why Apple Pay was designed to guard customers’ extremely delicate private and monetary data, like their card quantity, which isn’t shared with retailers. Our clients belief that once they use Apple Pay anyplace, they’ll relaxation assured that their funds are protected.
Trying to the way forward for Apple Pay, we’re excited to supply our customers extra methods to pay, together with the choice to redeem rewards and entry installment loans from Apple Pay-enabled issuers and lenders instantly at checkout with Apple Pay on-line. and on-line. utility on iPhone and iPad. This offers customers larger flexibility in how they pay with the straightforward, dependable Apple Pay expertise they already know and love. It additionally supplies Apple Pay-enabled issuers and lenders with new methods to attach with their clients and make their rewards and installment fee choices much more accessible.
Past funds, we’re additionally advancing our broader imaginative and prescient of changing customers’ bodily wallets with a simple, safe, and personal digital pockets: Apple Pockets. At the moment, customers can simply and securely add and entry occasion tickets, transportation playing cards, keys, authorities IDs, and extra, all from Apple Pockets. And we’re at all times on the lookout for new methods to make utilizing Apple Pockets handy whereas offering unparalleled safety and peace of thoughts.
The final decade has been an unbelievable journey, and we’re thrilled that so many individuals all over the world are having fun with the expertise that Apple Pay and Apple Pockets present. I am unable to wait to see what the following 10 years have in retailer for us.
— Jennifer Bailey, vp of Apple Pay and Apple Pockets at Apple
Extra methods to pay with Apple Pay
With iOS 18, eligible customers can now entry installment mortgage choices from Affirm within the US and Monzo Flex within the UK once they make funds with Apple Pay on-line and in-app on iPhone and iPad.1 And beginning as we speak, eligible customers within the US and UK will even have the choice to entry Klarna’s versatile fee choices instantly when paying on-line and in-app with Apple Pay on iPhone and iPad .
Sooner or later, customers will even have the ability to entry installment fee choices from eligible credit score or debit playing cards when making on-line purchases with Apple Pay within the US with Citi, Synchrony, and in any respect eligible taking part Apple Pay issuers with Fiserv; in Australia with ANZ; in Singapore with DBS; in Spain with CaixaBank; and in the UK with HSBC, NewDay and Zilch, with extra issuers to comply with. Customers in Canada will even have entry to Klarna’s versatile fee choices at checkout with Apple Pay on-line and in-app on iPhone and iPad sooner or later.
Moreover, with iOS 18, Apple Pay customers within the US can now redeem rewards with eligible Uncover bank cards.2 once they pay with Apple Pay on-line and in-app on iPhone and iPad. Sooner or later, customers will even have the ability to redeem rewards for Apple Pay purchases within the US with Synchrony and in any respect eligible taking part Apple Pay issuers with Fiserv and FIS, and in Singapore with DBS, with extra issuers to comply with.
Customers can now additionally entry Apple Pay on third-party internet browsers and computer systems.3 At checkout, customers will likely be requested to make use of their iPhone or iPad to scan a code after which they’ll full the fee securely with Apple Pay on iPhone or iPad. And with Faucet to Provision, it is even simpler for customers so as to add a credit score or debit card to Apple Pockets by merely tapping their eligible card on the again of their iPhone.4
Subsequent yr, clients within the US will even have the ability to see their PayPal stability once they use their PayPal debit card in Apple Pockets, giving them larger visibility and confidence when buying.
- This characteristic is obtainable by the cardboard issuer and is topic to the issuer’s eligibility necessities and different issuer phrases. This characteristic isn’t obtainable in all markets and is probably not obtainable for all buy varieties, corresponding to subscriptions and recurring transactions. The complete transaction quantity will likely be charged to the person’s card on the time of buy and a press release credit score within the quantity of the reward redeemed will likely be utilized to the person’s account.
- Redemptions used with Uncover bank cards will replicate as a press release credit score to the shopper’s account.
- iOS 18 or iPadOS 18 or later required. Obtainable from taking part retailers on supported browsers. Supported browsers require WebSocket help. This characteristic isn’t obtainable in all markets.
- You should have an eligible and appropriate card. Not obtainable in all markets. To make use of this characteristic, the cardboard’s NFC expertise have to be enabled and the person could also be required to enter their card’s safety code throughout setup. Software program necessities apply. To make sure that a person has all of the options of this product, their iPhone have to be up to date to the most recent software program model.
Within the US, Apple Pay is a service offered by Apple Funds Companies LLC, a subsidiary of Apple Inc. In different international locations and areas, Apple Pay is a service offered by sure Apple associates, as designated by the Apple Pay Privateness Discover. Neither Apple Inc., nor Apple Funds Companies LLC, nor their associates is a financial institution. Any card utilized in Apple Pay is obtainable by the cardboard issuer.
The survey was commissioned by Apple and carried out by Morning Seek the advice of between September 10 and 13, 2024, amongst a pattern of three,014 US adults ages 18 to 64.
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Apple
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Apple
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