Following the launch of Apple Pay in the UK two weeks ago, Apple is continuing the rollout with the addition of two major banks, HSBC and First Direct. Customers who have credit cards or debit cards with those banks can start using Apple Pay now. As with other UK Apple Pay transactions, there is a £20 transaction limit at most retailers apart from those with upgraded payment terminals that support higher-value contactless purchases. The £20 limit is getting raised to £30 in September.
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Research shared by Phoenix Marketing International offers new data for Apple Pay‘s adoption and performance since it launched in the United States in October last year. The survey polled just over 3,000 credit cardholders to conclude that “11% of all credit card-owning households” and two out of three iPhone 6 users have used Apple Pay. Aside from a high adoption rate for the mobile payment service, the survey also highlights that almost half of those Apple Pay users have used the service just one time. expand full story
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A fix for a bug in Apple Pay that causes credit cards from Chase and others to not display the correct physical card design is being worked on, according to sources close to the situation. expand full story