Tuesday, June 30, 2015

Apple Pay looks to boost UK Digital Payments

Back in October 2014 Apple launched Apple Pay in the US as part of its iOS 8.1 update. The Cupertino giant then saw 1 million American activations in the first 3 days.

However over here in the UK we have been awaiting news of a similar launch. Many blogs have been written about getting Apple Pay in the UK and false hints & rumours that Belgium may be the first European country to get the new digital payment service haven't helped. But on 8th June at Apple's WWDC 2015 the silence was broken and the announcement was made that Apple Pay is to launch in the UK, making us just the second country to adopt the service... ahead of Canada and other candidates.

More surprising was the news that we'll get Apple Pay in a matter of weeks, as plans for a July 2015 launch are now underway. Meaning that key UK retailers such as Marks and Spencers and Waitrose will offer you contactless / NFC payments via your iPhone this Summer. Furthermore, TFL will also offer Apple Pay across its network.

However, if you can tap in & out on buses and tube trains around London from next month using both your iPhone and your NFC-enabled credit card... does this spell the beginning of the end for the Oyster Card system?

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