“Apple is poised to reveal that it is planning to launch Apple Pay, its contactless mobile payments service, in Britain this summer,” Christopher Williams and James Titcomb report for The Telegraph. “The Silicon Valley giant is expected to make the announcement on Monday in San Francisco at its annual jamboree for software developers, industry sources say. The service will be switched on in around two months, they said.”
“It will mark a major development for the payments industry. Multiple attempts by mobile operators and banks to get contactless mobile payments up and running in Britain have failed amid industry infighting and consumer indifference,” Williams and Titcomb report. “Apple has been in talks with banks and retailers about its launch since last year, sources said, and has the clout to drive adoption by both industry and consumers. The iPhone accounts for more than 40% of smartphones sold here, and owners tend to be big-spending consumers.”
Williams and Titcomb report, “Mike Cowan, a senior executive at MasterCard, said the company was ‘absolutely ready’ to support Apple Pay in the UK.”
Read more in the full article here.
MacDailyNews Take: Apple Pay, already the #1 mobile payment service, is set to get even bigger!
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]