Apple to reportedly launch Apple Pay in the U.K. this summer

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Apple to reportedly launch Apple Pay in the U.K. this summer

A report from The Telegraph claims that Apple will be announcing its plans to bring Apple Pay to the United Kingdom at WWDC next week.

The launch, however, will only happen in summer this year (i.e. within two months).

The Silicon Valley giant is expected to make the announcement on Monday in San Francisco at its annual jamboree for software developers, industry sources say. The service will be switched on in around two months, they said.

Apple has reportedly been in talks with major banks in the U.K. since last year to bring its mobile payment service to the country. The technology to implement Apple Pay is already in place in Britain, and if there is any delay, it will be because of banks and Apple reaching failing to reach a mutual agreement over sharing of customers data and the profit share in each transaction done through Apple Pay. Looking at the interest in Apple Pay in the country though, banks are as eager to deploy the payment service as Apple.

Apple is also reportedly looking to launch Apple Pay in Canada later this year. However, it is unclear if the company will be making any announcement about it at its developer conference next week. The company is also expected to announce a rewards program for Apple Pay next week.

Read Also:  Apple Pay Expands in Australia as ANZ Adds MasterCard Support August 30

[Via The Telegraph]

[Source: iPhoneHacks]
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