iPhoneForums.Net News Team
- Jun 18, 2010
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Following on from a limited trial start last month where only Amex was supported, Singapore has today become the sixth country worldwide to have Apple Pay, with the US, UK, Canada, Australia, and China being the other five countries.
The service is initially supported by Visa, MasterCard, and five major banks.
“Now, almost everyone can leave their wallets at home,” said Apple Pay vice-president Jennifer Bailey in The Straits Times. “Apple Pay will be a natural extension of what users have been doing at payment counters.”
9to5 Mac notes that contactless payment is already well established in Singapore, making it a natural choice for Apple Pay.
The five banks that are supporting Apple Pay in Singapore from day 1 are POSB, DBS Bank, OCBC Bank, United Overseas Bank, and Standard Chartered Bank. Together they account for 80% of card transactions in Singapore. There is an SG$100 ($72) cap for Apple Pay transactions in Singapore, but United Overseas Bank has lifted the cap for retailers that use its payment-processing service.
It’s expected that Spain and Hong Kong will also be getting Apple Pay sometime this year.
Source: Apple Pay launches fully in Singapore, five major banks live today