Apple today announced that it has signed “dozen more banks, retail stores and start-ups” for Apple Pay. Ever since the company released Apple Pay with iOS 8.1 in October this year, it has been rapidly trying to expand its presence by adding support for more banks and retailers.
The list of companies that have recently joined Apple Pay include SunTrust, Barclaycard and USAA. More than ten new banks have also signed up for Apple Pay and will start supporting the service from today. This includes banks like TD Bank North America and Commerce Bank. Apple says that with the addition of its latest partners, it now supports all the credit cards that account for nearly 90% of the the transactions in the United States.
Apple Pay has been a runaway success for the Cupertino based company. Google, Verizon and other carriers in the United States have been offering their own mobile payment service since a few years but none of them managed to make mobile payments as mainstream, simple and secure as Apple has managed to do.
Tim Cook, CEO of Apple, had revealed back in October that the company activated more than 1 million cards in Apple Pay within 72 hours of its launch. The company has also been working on bringing Apple Pay to China by partnering with AliBaba, which should give a huge boost to the mobile payment market and make the technology mainstream.[Via The New York Times]