October 17, 2024
UPDATE
Apple celebrates 10 years of Apple Pay
Jennifer Bailey, Apple’s vp of Apple Pay and Apple Pockets, displays on a decade of Apple Pay enriching customers’ lives, and shares new methods to pay with Apple Pay, together with rewards and installments
Once we began our journey with Apple Pay 10 years in the past, we noticed a novel alternative to leverage Apple’s {hardware} and software program to make a significant impression on the monetary well being and lives of our prospects. From the outset, we envisioned a world the place you could possibly use your iPhone to seamlessly pay for every little thing — from groceries to coach tickets, in individual and on-line, throughout the globe — all whereas maintaining your private and monetary info secure and personal.
Right this moment, Apple Pay is utilized by a whole bunch of thousands and thousands of shoppers in 78 markets, at checkout on thousands and thousands of internet sites and apps, in tens of thousands and thousands of shops worldwide, and is supported by greater than 11,000 financial institution and community companions. We hear from prospects day-after-day about how a lot they love the convenience, safety, and privateness protections Apple Pay supplies of their every day lives, and the way a lot they get pleasure from utilizing it throughout their gadgets — together with iPhone, Apple Watch, iPad, and Mac.
One in every of my earliest reminiscences of realizing how Apple Pay was positively impacting shoppers’ lives was once we rolled out Apple Pay for transit in Tokyo, which is utilized by thousands and thousands of vacationers day-after-day. I watched in awe as individuals rapidly tapped their iPhone or Apple Watch to pay whereas passing via the turnstiles — no must fish out any money, playing cards, or cash from their wallets, and even unlock or wake their system. It’s an incredible instance of how Apple Pay’s seamless and safe buyer expertise delivers comfort and peace of thoughts to shoppers world wide, whether or not they’re commuting to work, procuring on-line, or selecting up their morning espresso.
We all know how essential it’s for purchasers to really feel safe and belief that their monetary transactions are non-public when making a fee. That’s why we’re at all times working to safeguard shoppers, whereas additionally enabling banks to have industry-low ranges of fraud for Apple Pay transactions. And it’s additionally why Apple Pay was designed to guard customers’ extremely delicate private and monetary info, like their card quantity, which is rarely shared with retailers. Our prospects belief that once they use Apple Pay anyplace, they’ll have the peace of thoughts that their funds are protected.
Trying forward at what’s subsequent for Apple Pay, we’re excited to now convey our customers extra methods to pay, together with the choice to redeem rewards and entry installment loans from Apple Pay-enabled issuers and lenders proper at checkout with Apple Pay on-line and in-app on iPhone and iPad. This provides shoppers larger flexibility in how they pay with the straightforward and trusted Apple Pay expertise they already know and love. It additionally supplies Apple Pay-enabled issuers and lenders with new methods to attach with their prospects, and make their rewards and installment choices much more accessible.
Past funds, we’re additionally advancing our broader imaginative and prescient of changing customers’ bodily wallets with a straightforward, safe, and personal digital pockets — Apple Pockets. Right this moment, customers can seamlessly and securely add and entry eligible occasion tickets, transit 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 delivering unparalleled safety and peace of thoughts.
The final decade was an unbelievable journey, and we’re thrilled that so many individuals world wide are having fun with the expertise that Apple Pay and Apple Pockets present. I can’t wait to see what the subsequent 10 years have in retailer.
— Jennifer Bailey, Apple’s vp of Apple Pay and Apple Pockets
Extra Methods to Pay with Apple Pay
With iOS 18, eligible customers can now entry installment mortgage choices from Affirm within the U.S. and from Monzo Flex within the U.Ok. when testing with Apple Pay on-line and in-app on iPhone and iPad.1 And beginning at present, eligible customers within the U.S. and U.Ok. may also have the choice to entry Klarna’s versatile fee choices proper at checkout on-line and in-app with Apple Pay on iPhone and iPad.
Sooner or later, customers may also be capable of entry installment fee choices from eligible credit score or debit playing cards when making on-line purchases with Apple Pay within the U.S. with Citi, Synchrony, and throughout eligible, collaborating Apple Pay issuers with Fiserv; in Australia with ANZ; in Singapore with DBS; in Spain with CaixaBank; and within the U.Ok. with HSBC, NewDay, and Zilch, with extra issuers to observe. Customers in Canada may also 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 U.S. can now redeem rewards with eligible Uncover bank cards2 once they try with Apple Pay on-line and in-app on iPhone and iPad. Sooner or later, customers may also be capable of redeem rewards for purchases with Apple Pay within the U.S. with Synchrony and throughout eligible, collaborating Apple Pay issuers with Fiserv and FIS, and in Singapore with DBS, with extra issuers to observe.
Customers can now additionally entry Apple Pay on third-party net browsers and computer systems.3 At checkout, customers might be prompted to make use of their iPhone or iPad to scan a code, and can then be capable of securely full the fee with Apple Pay on iPhone or iPad. And with Faucet to Provision, it’s even simpler for customers so as to add a credit score or debit card to Apple Pockets by merely tapping their eligible card to the again of their iPhone.4
Subsequent 12 months, prospects within the U.S. may also be capable of see their PayPal stability when utilizing their PayPal debit card in Apple Pockets, giving them larger visibility and confidence when procuring.
- This characteristic is obtainable by a card’s issuer, and is topic to issuer eligibility necessities and different issuer phrases. This characteristic just isn’t obtainable in all markets, and is probably not obtainable for all sorts of purchases, reminiscent of subscriptions and recurring transactions. The total quantity of the transaction might be charged to the person’s card on the time of their buy, and an announcement credit score for the redeemed reward quantity might be utilized to the person’s account.
- Redemptions used with Uncover bank cards might be mirrored as an announcement credit score on a buyer’s account.
- iOS 18 or iPadOS 18 or later required. Obtainable with collaborating retailers on suitable browsers. Suitable browsers require WebSocket help. This characteristic just isn’t obtainable in all markets.
- Should have an eligible and supported card. Not obtainable in all markets. To make use of this characteristic, a card’s NFC know-how have to be activated, and the person could must enter their card’s safety code throughout setup. Software program necessities apply. To make sure a person has all options of this product, their iPhone have to be up to date to the newest software program model.
Within the U.S., Apple Pay is a service supplied by Apple Funds Providers LLC, a subsidiary of Apple Inc. In different nations and areas, Apple Pay is a service supplied by sure Apple associates, as designated by the Apple Pay privateness discover. Neither Apple Inc., nor Apple Funds Providers LLC, nor its associates are 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 10-13, 2024, amongst a pattern of three,014 adults within the U.S. ages 18-64.
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Apple
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Apple
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