According to french website LesEchos, Apple plans to launch Apple Pay in France by the end of this year. However, the company will be doing a gradual rollout that will initially see only a handful of major banks supporting the payment service.
The report says that it will take anywhere between 3-5 months after the initial launch of Apple Pay in the country that it will be widely available. A pilot program will also be possibly launched by Apple in September.
Apple is currently in talks with French banks over the transaction fees, which is turning out to a be a roadblock. Banks in France are pointing Apple towards China, where the Cupertino company is charging banks 50 percent less transaction fees compared to the United States. Usually, Apple charges 0.15% as a fees per transaction.
This is not the first time that we are hearing Apple’s plan about launching Apple Pay in France, though earlier report pointed to Apple launching the service sometime around WWDC in the country.
Apple has already revealed that it is working closely with American Express to bring Apple Pay to Spain, Hong Kong and Singapore.
Related Topics: Apple Pay