Looking forward to Apple Pay’s arrival in the UK? Well, you may not have to wait too much longer.
According to The Telegraph, Apple is in negotiations with Britain’s major banks with a view to launching its touch-to-pay service within the first half of 2015.
The report claims that one bank is uncomfortable with the amount of its customer data Apple wants to collect. The fear is that Apple may use this information to launch “an invasion of the banking industry”. However, it is also thought that none of the major banks wants to miss out on bringing Apple Pay into its fold.
Apple Pay currently allows iPhone 6 and 6 Plus users to upload credit and debit card details to a secure element within the phone, then pay for purchases by tapping the phone on a terminal. The Touch ID fingerprint scanner is then used to authenticate the purchase.
The service is currently proving a success in the US, accounting for one percent of all digital payments in its first full month of operation and accounting for half of touch-to-pay transactions in McDonald’s in November.
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