Another credit card joins the list of credit cards supported with Apple Pay. This time around, it is the American Express corporate credit card. With this latest development, American Express now becomes the first corporate credit card to partner with Apple’s mobile payment system, which could bring Apple Pay to an even wider pool of potential users.
Apple introduced its mobile payment system back in October of last year. Apple Pay basically allows owners of Apple’s flagship devices, the iPhone 6 and its bigger sibling the iPhone 6 Plus, as well as the company’s first and only wearable device the Apple Watch, to pay for products purchased quickly and conveniently through a wireless technology called near field communications (NFC). Furthermore, other devices that are enabled with Touch ID, such as the iPad Air and iPad Mini 3, can also use Apple Pay for in-app purchases.
So far, Apple Pay already supports Visa, Mastercard, Discover, and American Express for consumers and small businesses. But now, Apple’s mobile payment system has managed to nab American Express corporate credit cards, too. For almost a year to date, Apple has been working hard to add to its list of credit card companies, banking institutions, and retailers that support Apple Pay both in the US and in the United Kingdom. So far, the tech giant has done a very good job in convincing companies to partner with its mobile payment system. As a matter of fact, over 400 banks and credit card companies are already supporting Apple Pay. Along the way, it has also managed to bring Apple Pay to 71 retailers in the US, with an additional 27 others soon joining the roster.
But the US is such a big country, and Apple is a still a very long, long way from achieving universal adoption for Apple Pay in America. One obstacle, of course, is the technology. In order for stores or retail outlets to support Apple’s mobile payment system, their point of sale (POS) counters must have NFC technology.
Then there is the competition -- Samsung Pay is already being tested in Samsung’s home country South Korea, and it should be ready to be deployed in Galaxy S6 and Galaxy S6 Edge devices soon. Apple rival Google has also introduced its own take on the mobile payment system idea -- Android Pay. And do not forget CurrentC, the mobile payment system pushed by the Merchant Customer Exchange (MCX) to directly challenge Apple Pay.
Apple Pay, however, has some head start. And getting American Express corporate credit cards under its belt should help it take a lead for now.
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