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Apple Pay Gains Support in Canada

05/16/2016

Apple Pay Gains Support in Canada

Several Canadian banks launched support for Apple Pay on Tuesday, finally opening up doors for customers to use the channel beyond the limited number of American Express card holders in the country. Two of the major banks, the Royal Bank of Canada (RBC) and Canadian Imperial Bank of Commerce (CIBC), are launching full support of debit cards plus credit cards from Visa, MasterCard and American Express. ATB Financial and Canadian Tire Financial Services are also on board with partial support offerings with more to be added to the stable at a later date. The country’s three other major banks – TD, Scotiabank and Bank of Montreal are expected to follow suit in the ensuing few months.

 

Canadian banks have apparently been in talks with Apple for months, airing concerns around client security and negotiating interchange fees. However, many customers are unimpressed with the length of time it has taken for support for the service to hit, a not unfair sentiment given the US launch was back in October 2014.

 

Apple Pay has certainly had its challenges in terms of support from banks and other providers, but after a solid couple of years of campaigning the product finally seems to be gaining traction across the globe.