Canadian banks, including ‘the Big Five,’ sign on for major Apple Pay expansion

“Two major Canadian banks have signed on to Apple Pay, marking a significant expansion of the tech giant’s mobile wallet service in Canada,” Josh McConnell reports for The Financial Post. “Starting Tuesday, Interact debit and major credit cards issued by Royal Bank of Canada and Canadian Imperial Bank of Commerce will support the payments technology, which allows users to load cards onto their iPhones and Apple Watches and make in-store purchases using their devices. Two other financial institutions, ATB Financial and Canadian Tire Financial Services, are also part of Tuesday’s build-out, with the other three big banks rounding out Canada’s Big Five expected to join in the coming months.”

“CIBC and RBC are supporting MasterCard, VISA and American Express credit cards as well as debit cards, while ATB’s debit capability will come at a later date. Canadian Tire Financial will only support credit,” McConnell reports. “Bank of Montreal, Toronto-Dominion Bank and Bank of Nova Scotia have also agreed to support the service in the coming months, according to the tech giant, but don’t have a specific launch date.”

“Bailey says Apple has been pleased with how Apple Pay has been received since it’s initial launch in the U.S. Since then, the service has been available in six countries in various forms,” McConnell reports. “‘Consumers have spent billions of dollars in Apple Pay,’ she said. ‘We are adding one million new users per week.'”

Read more in the full article here.

MacDailyNews Take: Finally!

Congrats, Canucks!

SEE ALSO:
Apples’ revolutionary Apple Pay expands to Canada and Australia – November 17, 2015

[Thanks to MacDailyNews Reader “Hiram” for the heads up.]

7 Comments

  1. Funny I was called By RBC 2 months ago and after the call they asked if I had any comment. I said Besides there Visa I have an AMEX and I use it more because it is on Apple Pay tell the powers that be that they need to get it. Now they finally have it. Also on the Pizza Pizza WEB site they say Apple Pay coming soon but when I asked if they had it yet in the store the girls behind the counter asked if I wanted Apple Pie 🙁

  2. Not my Scotiabank Visa or my PC MasterCard, and not for several months apparently! Come on, get with it. I’ve been waiting patiently, but this is ridiculous!!!!!

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