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You are here: MacNN Forums > News > Tech News > Talks in progress to bring Apple Pay to UK

Talks in progress to bring Apple Pay to UK
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NewsPoster
MacNN Staff
Join Date: Jul 2012
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Dec 29, 2014, 10:48 AM
 
Apple is in negotiations with "Britain's top banks" in preparation for launching Apple Pay in the region, sources tell the Telegraph newspaper. The service is expected to arrive in the UK in the first half of 2015. At least one bank is said to be uncomfortable about the amount of personal and financial data Apple wants to collect from its customers, however, and some executives are said to be wary that both Apple Pay and the data the company wants could operate as a "beachhead for an invasion of the banking industry," as the Telegraph writes. It's nevertheless predicted that the banks will bend, as Apple Pay appears to be catching on in the US, and may be a way to convince more British shoppers to pay via their mobile phones.

Just recently, Apple orchestrated the creation of a London-based team dedicated to bringing Apple Pay to "Europe, the Middle East, India, and Africa." A secondary team is working on bringing the service to China, but it's not certain when that might happen.

Launching a service like Apple Pay requires negotiating with both banks and merchants, and having a significant portion of businesses signed on if the service is going to be at all practical for the average person. On top of this, the company has to pass the scrutiny of the UK's financial regulators.
( Last edited by NewsPoster; Dec 31, 2014 at 07:15 AM. )
     
FireWire
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Join Date: Oct 1999
Location: Montréal, Québec (Canada)
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Dec 30, 2014, 05:37 PM
 
Come no! What about Canada? We're just a few hours north, have the same major credit cards and retail chains...
     
   
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