“Apple Inc. is planning to launch its mobile payments service in Canada this fall, marking the start of its international expansion of Apple Pay, according to people familiar with the matter,” Rita Trichur and Daisuke Wakabayashi report for The Wall Street Journal.
“The company is in negotiations with Canada’s six biggest banks about a potential November launch of the service which would enable mobile payments for both credit and debit cards using iPhones and the forthcoming Apple Watch, those people said,” Trichur and Wakabayashi report. “Lenders in discussions with Apple include Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada, the people said. Together, those banks account for more than 90% of retail bank accounts, which could provide Apple with near ubiquity upon launch if final agreements are reached.”
Trichur and Wakabayashi report, “Unlike its hardware products that can be quickly rolled out globally with minimal amounts of tweaking in individual markets, Apple Pay requires time-consuming negotiations with partners and regulators in every market.”
Read more in the full article here.
MacDailyNews Take: Slow going for Apple Pay rollouts, but at least it’s faster than negotiating with TV content providers!