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 singular 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 may use your iPhone to seamlessly pay for all the pieces — 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 now, Apple Pay is utilized by lots of of thousands and thousands of shoppers 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 on daily basis about how a lot they love the benefit, safety, and privateness protections Apple Pay supplies of their day by day lives, and the way a lot they take pleasure in utilizing it throughout their units — together with iPhone, Apple Watch, iPad, and Mac.
Considered one of my earliest reminiscences of realizing how Apple Pay was positively impacting shoppers’ lives was once we rolled out Apple Pay for transit in Tokyo, which is utilized by thousands and thousands of vacationers on daily basis. I watched in awe as folks 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 gadget. It’s an important instance of how Apple Pay’s seamless and safe buyer expertise delivers comfort and peace of thoughts to shoppers world wide, whether or not they’re commuting to work, purchasing on-line, or selecting up their morning espresso.
We all know how necessary it’s for patrons 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 shoppers, 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 isn’t shared with retailers. Our clients belief that once 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 convey 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 shoppers larger flexibility in how they pay with the straightforward 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 now, 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 in search of new methods to make utilizing Apple Pockets handy whereas delivering unparalleled safety and peace of thoughts.
The final decade was an unimaginable journey, and we’re thrilled that so many individuals world wide are having fun with the expertise that Apple Pay and Apple Pockets present. I can’t wait to see what the following 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.Ok. when testing with Apple Pay on-line and in-app on iPhone and iPad.1 And beginning right now, eligible customers within the U.S. and U.Ok. may 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 may even be capable of 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.Ok. with HSBC, NewDay, and Zilch, with extra issuers to comply with. Customers in Canada may 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, Apple Pay customers within the U.S. can now redeem rewards with eligible Uncover bank cards2 once they try with Apple Pay on-line and in-app on iPhone and iPad. Sooner or later, customers may even be capable of 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 internet browsers and computer systems.3 At checkout, customers can be prompted to make use of their iPhone or iPad to scan a code, and can then be capable of 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.4
Subsequent yr, clients within the U.S. may even be capable of see their PayPal steadiness when utilizing their PayPal debit card in Apple Pockets, giving them larger visibility and confidence when purchasing.
- This function is obtainable by a card’s issuer, and is topic to issuer eligibility necessities and different issuer phrases. This function just isn’t obtainable in all markets, and is probably not obtainable for all sorts of purchases, similar to subscriptions and recurring transactions. The complete quantity of the transaction can be charged to the consumer’s card on the time of their buy, and an announcement credit score for the redeemed reward quantity can be utilized to the consumer’s account.
- Redemptions used with Uncover bank cards can be mirrored as an announcement credit score on a buyer’s account.
- iOS 18 or iPadOS 18 or later required. Accessible with collaborating retailers on appropriate browsers. Suitable browsers require WebSocket assist. This function just isn’t obtainable in all markets.
- Should have an eligible and supported card. Not obtainable in all markets. To make use of this function, a card’s NFC expertise should be activated, and the consumer might 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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