Canada’s ‘Big Five’ Banks Sign up to Apple Pay

Two major Canadian banks have signed up to Apple Pay, marking a significant expansion of the mobile payments service in the country (via The Financial Post).

As of today, debit and major credit cards issued by RBC and CIBC will support Apple Pay, with TD Canada Trust, Scotiabank, and BMO expected to follow in the coming months to complete the rollout across Canada’s “Big Five”.

ATB Financial and Canadian Tire Financial Services are two other financial institutions also to sign up to the payment service.

Owners of iPhone and iPad models with the Touch ID feature and Apple Watch users will now be able to add cards from issuers into their Apple Pay Wallet and use their devices to make payments in-store. Apple Pay’s in-app transaction functionality will be supported by the new issuers next month.

Previously, Apple Pay was limited to American Express cardholders in Canada, allowing newer iPhone and Apple Watch owners to make contactless payments at retail stores like Indigo,…

Read the entire article from MacRumors here: Canada’s ‘Big Five’ Banks Sign up to Apple Pay

 



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