Apple announced at WWDC that they would be launching Apple Pay in the UK some time in July and now it looks like we have details on the launch date.
Apple has sent a memo to some of its retail employees in the UK, letting them know that Apple Pay will launch in the UK on the 14th of July.
Transaction Limits and Future Changes
When Apple Pay launches in the UK there will be a £20 limit on each transaction. This limit is not imposed by Apple but is due to the current wireless payments limit in the UK. This limit is a standard for contactless payments across various platforms and is in place to ensure security and manage risk.
However, this limit is set to change. The wireless payments limit is being raised in the UK later in the year as retailers will be introducing new payment terminals capable of handling higher transaction amounts. This upgrade is expected to take place in the fall, allowing for more flexibility and convenience for users of Apple Pay and other contactless payment methods.
Device Compatibility and Bank Support
Apple’s mobile payments system will be available on the iPhone 6 and iPhone 6 Plus, as well as on the Apple Watch when it launches in the UK. This means that users of these devices will be able to make secure, contactless payments at participating retailers. The integration with the Apple Watch is particularly noteworthy as it allows for quick and easy payments without needing to take out a phone.
There are a number of UK banks and credit card providers who are supporting Apple Pay. This includes all of the major banks except for Barclays. The support from these financial institutions is crucial for the adoption and success of Apple Pay, as it ensures that a wide range of customers can use the service. Some of the banks supporting Apple Pay include HSBC, Lloyds, and NatWest, among others. This broad support helps to create a seamless experience for users, allowing them to link their existing bank accounts and credit cards to Apple Pay with ease.
In addition to banks, many retailers are also on board with Apple Pay. Major chains such as Marks & Spencer, Boots, and Waitrose have announced their support for the service. This widespread acceptance among retailers is essential for the convenience and practicality of using Apple Pay in everyday transactions.
Apple Pay also offers enhanced security features. When a user makes a payment, Apple Pay uses a device-specific number and unique transaction code. This means that the user’s actual credit or debit card numbers are never shared with merchants or transmitted with payment. Additionally, each transaction must be authorized with a fingerprint scan or passcode, adding an extra layer of security.
The launch of Apple Pay in the UK marks a significant step in the evolution of mobile payments. As more consumers and retailers adopt this technology, it is likely that we will see a shift towards more contactless and digital payment methods. This trend is not only convenient but also aligns with the growing emphasis on security and privacy in financial transactions.
Source 9 To 5 Mac
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