OTTAWA: American Express announced that later this year, the feature will be available to American Express cardholders in Canada and Australia at stores where:
American Express cards are accepted.
You can already pay by tapping your credit card.
It will be expanded to cardholders in Spain, Singapore and Hong Kong in 2016.
In Canada, terminals that allow customers to simply tap to pay with a credit card or a phone-connected mobile wallet are already widely available.
Despite that, Canadians have been very slow to warm up to the idea of paying with their smartphones, says Penelope Graham, editor of Ratesupermarket.ca, a website that compares rates for credit cards, mortgages, GICs and other personal finance offers.
“I think that the introduction of Apple Pay may actually be the kick in the pants that Canadians need to actually embrace mobile payments,” said Graham, who thinks Apple Pay’s arrival here is “very exciting.”
Apple Pay launched in the U.S. in October 2014, and as of September, was used by 14 per cent of U.S. households, according to a report from Phoenix Marketing International.
In the U.S., users can link most major credit and debit cards from top U.S. banks to make purchases.
However, as of June, two-thirds of the top 100 U.S. retailers told the Reuters news service that they didn’t plan to accept Apple Pay this year.
This September, Google started rolling out a similar mobile wallet for Android phones called Android Pay in the U.S.
ICCI hopes for business-friendly, export-oriented federal budget
ISLAMABAD: President of the Islamabad Chamber of Commerce and Industry, Sardar Tahir Mehmood, has expressed the hope that the forthcoming...
