October 17, 2024
UPDATE
Apple celebrates 10 years of Apple Pay
Jennifer Bailey, Apple’s vice chairman 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
Once we began our journey with Apple Pay 10 years in the past, we noticed a novel alternative to leverage Apple’s {hardware} and software program to make a significant influence on the monetary well being and lives of our prospects. From the outset, we envisioned a world the place you would use your iPhone to seamlessly pay for every thing — from groceries to coach tickets, in particular person and on-line, throughout the globe — all whereas protecting your private and monetary info protected and personal.
Immediately, Apple Pay is utilized by a whole lot of tens of millions of customers in 78 markets, at checkout on tens of millions of internet sites and apps, in tens of tens of millions of shops worldwide, and is supported by greater than 11,000 financial institution and community companions. We hear from prospects day-after-day about how a lot they love the benefit, safety, and privateness protections Apple Pay offers of their each day lives, and the way a lot they take pleasure in utilizing it throughout their units — together with iPhone, Apple Watch, iPad, and Mac.
One in all my earliest reminiscences of realizing how Apple Pay was positively impacting customers’ lives was once we rolled out Apple Pay for transit in Tokyo, which is utilized by tens of millions of vacationers day-after-day. I watched in awe as folks shortly tapped their iPhone or Apple Watch to pay whereas passing via the turnstiles — no have to fish out any money, playing cards, or cash from their wallets, and even unlock or wake their machine. It’s a fantastic instance of how Apple Pay’s seamless and safe buyer expertise delivers comfort and peace of thoughts to customers all over the world, whether or not they’re commuting to work, purchasing on-line, or choosing up their morning espresso.
We all know how essential it’s for purchasers 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 customers, 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 prospects belief that after they use Apple Pay anyplace, they will have the peace of thoughts that their funds are protected.
Trying forward at what’s subsequent for Apple Pay, we’re excited to now deliver 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 offers customers higher flexibility in how they pay with the straightforward and trusted Apple Pay expertise they already know and love. It additionally offers Apple Pay-enabled issuers and lenders with new methods to attach with their prospects, 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. Immediately, 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 unbelievable journey, and we’re thrilled that so many individuals all over the world 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 vice chairman 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.Okay. when trying out with Apple Pay on-line and in-app on iPhone and iPad.1 And beginning immediately, eligible customers within the U.S. and U.Okay. will 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 will 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.Okay. with HSBC, NewDay, and Zilch, with extra issuers to observe. Customers in Canada will 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 after they try with Apple Pay on-line and in-app on iPhone and iPad. Sooner or later, customers will 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 observe.
Customers can now additionally entry Apple Pay on third-party internet browsers and computer systems.3 At checkout, customers will likely 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, prospects within the U.S. will even be capable of see their PayPal steadiness when utilizing their PayPal debit card in Apple Pockets, giving them higher visibility and confidence when purchasing.
- This characteristic is obtainable by a card’s issuer, and is topic to issuer eligibility necessities and different issuer phrases. This characteristic just isn’t out there in all markets, and might not be out there for all sorts of purchases, similar to subscriptions and recurring transactions. The complete quantity of the transaction will likely be charged to the person’s card on the time of their buy, and a press release credit score for the redeemed reward quantity will likely be utilized to the person’s account.
- Redemptions used with Uncover bank cards will likely be mirrored as a press release credit score on a buyer’s account.
- iOS 18 or iPadOS 18 or later required. Out there with collaborating retailers on appropriate browsers. Appropriate browsers require WebSocket assist. This characteristic just isn’t out there in all markets.
- Should have an eligible and supported card. Not out there in all markets. To make use of this characteristic, a card’s NFC expertise should be activated, and the person could have to enter their card’s safety code throughout setup. Software program necessities apply. To make sure a person has all options of this product, their iPhone should be up to date to the newest 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 international locations 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.
Press Contacts
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Apple
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Apple
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