Apple Pay enjoyed a successful wide release in the United States in October of last year. But for America's northern neighbors, Canada, it is still waiting for Apple's mobile payment system to reach its borders.
However, Canadians may not have long to wait. According to 9to5Mac, Apple is currently in talks with possible Canadian partners in facilitating a wide Apple Pay launch in Canada within six months. If all goes well, Canadians may even begin using Apple Pay as early as March, just a couple of months away.
As reported by 9to5Mac, the yet-to-named Canadian partners are busy coordinating with Apple in finalizing promotional and marketing materials for the launch. These Canadian partners most likely consist of leading retailers and banking and credit card companies in Canada.
Not that Apple Pay needs to give the public more incentive. Apple's mobile payment system has enjoyed success since its launch last October. The list of banks and credit card companies that support Apple Pay grows by the day. Last December, Apple claimed that Apple Pay now works with bank cards that make up 90 percent of all purchasing transactions in the US. Indeed, all major credit card companies are now supported with Apple Pay, with banks like Bank of America, Capital One, Chase,Citi, Wells Fargo, and American Express working with the mobile payment system.
As for Canada, the country is a prime candidate for Apple Pay's expansion. Firstly, many American corporations (retailers, finance and banking institutions) have already set up operations there. Secondly, the regulatory bodies present there are not that much different from the US. Lastly, Canada already has the needed infrastructure, i.e. NFC-compatible and chip-and-PIN (EMV) ready terminals that 70 percent of all Canadian businesses already have.
And after Canada, Apple is surely setting its sights on other international markets. The most likely next targets are Europe, the Middle East, India, and Asia. We may be seeing UK users pay transactions with Apple Pay within six to eight months.
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