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
After 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 influence on the monetary well being and lives of our clients. From the outset, we envisioned a world the place you possibly can use your iPhone to seamlessly pay for all the things — from groceries to coach tickets, in particular person and on-line, throughout the globe — all whereas preserving your private and monetary info protected and personal.
Right this moment, Apple Pay is utilized by a whole lot of thousands and thousands of customers 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 clients daily about how a lot they love the benefit, safety, and privateness protections Apple Pay supplies of their every day lives, and the way a lot they take pleasure in utilizing it throughout their units — together with iPhone, Apple Watch, iPad, and Mac.
Certainly one of my earliest reminiscences of realizing how Apple Pay was positively impacting customers’ lives was after we rolled out Apple Pay for transit in Tokyo, which is utilized by thousands and thousands of vacationers daily. 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 ideal instance of how Apple Pay’s seamless and safe buyer expertise delivers comfort and peace of thoughts to customers all over the world, whether or not they’re commuting to work, purchasing on-line, or selecting up their morning espresso.
We all know how vital it’s for purchasers to really feel safe and belief that their monetary transactions are non-public when making a cost. That’s why we’re at all times working to safeguard customers, 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 clients belief that after they use Apple Pay anyplace, they will have the peace of thoughts that their funds are protected.
Wanting forward at what’s subsequent for Apple Pay, we’re excited to now deliver 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 customers better flexibility in how they pay with the simple 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 clients, 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 simple, 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 searching 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 all over the world 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.Okay. when testing with Apple Pay on-line and in-app on iPhone and iPad.1 And beginning at the moment, eligible customers within the U.S. and U.Okay. can even have the choice to entry Klarna’s versatile cost choices proper at checkout on-line and in-app with Apple Pay on iPhone and iPad.
Sooner or later, customers can even be capable to entry installment cost 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.Okay. with HSBC, NewDay, and Zilch, with extra issuers to comply with. Customers in Canada can even have entry to Klarna’s versatile cost choices at checkout with Apple Pay on-line and in-app on iPhone and iPad sooner or later.
Moreover, with iOS 18 and iPadOS 18, Apple Pay customers within the U.S. can now redeem rewards with eligible Uncover bank cards2 after they take a look at with Apple Pay on-line and in-app on iPhone and iPad.3 Sooner or later, customers can even be capable to 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 comply with.
Customers can now additionally entry Apple Pay on third-party net browsers and computer systems.4 At checkout, customers shall be prompted to make use of their iPhone or iPad to scan a code, and can then be capable to securely full the cost 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.5
Subsequent 12 months, clients within the U.S. can even be capable to see their PayPal stability when utilizing their PayPal debit card in Apple Pockets, giving them better visibility and confidence when purchasing.
- Loans not provided by Apple. All loans are provided by the lending supplier and are topic to the lending supplier’s eligibility necessities and approval, in addition to different lending supplier phrases. Not obtainable in all markets, and is probably not obtainable for every type of purchases, corresponding to subscriptions and recurring transactions. iOS 18 or iPadOS 18 or later required.
- Redemptions used with Uncover bank cards shall be mirrored as an announcement credit score on a buyer’s account.
- 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 every type of purchases, corresponding to subscriptions and recurring transactions. The total quantity of the transaction shall be charged to the consumer’s card on the time of their buy, and an announcement credit score for the redeemed reward quantity shall be utilized to the consumer’s account.
- iOS 18 or iPadOS 18 or later required. Obtainable with collaborating retailers on suitable browsers. Appropriate browsers require WebSocket assist. 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 should be activated, and the consumer could must enter their card’s safety code throughout setup. Software program necessities apply. To make sure a consumer has all options of this product, their iPhone should be up to date to the most recent software program model.
Within the U.S., Apple Pay is a service offered by Apple Funds Providers LLC, a subsidiary of Apple Inc. In different nations and areas, Apple Pay is a service offered 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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