Apple Pay may soon extend to Canada
Apple Pay has been a great success in the United States so far. A payment service created by Apple, Inc., Apple Pay allows users who own an iPhone 6 or 6 Plus as well as the new Apple Watch to use near field communication technology to make fast and secure purchases without cash or cards. Although other competing payment systems exist, such as Google Wallet and Square, Apple Pay is seeing considerable success throughout the country, as Apple Pay is responsible for two out of every three dollars spent using NFC.
With these figures, it certainly makes sense that the Cupertino-based company would want to bring this feature to other countries, not only as a convenience to customers, but also as another selling point for its mobile devices. Apple is allegedly negotiating with six of Canada’s largest banks regarding bringing its payment system to the country, and it is possible that its NFC-driven payment option could arrive up north as soon as Fall 2015.
The company may be looking to expand the reach of Apple Pay into many different countries in the next couple of years. Since the new Watch has been released with the feature, it is likely Apple will continue to gain traction in the contact-less mobile payment market.