Canada Finally Getting Apple Pay This November

While some users have been able to find some success with a couple of clever workarounds, up until now Apple Pay has only been supported within the United States. That’s going to be changing this fall and one of the first countries outside the US to get Apple Pay will be Canada. About time!

It’s being reported that Apple is currently in talks with six major Canadian banks: BMO, CIBC, Scotiabank, RBC, TD and National Bank of Canada. Taken together, these six banks account for over 90 percent of bank accounts in Canada. This would presumably also transfer over to affiliated banks, like Tangerine with Scotiabank and PC Financial with CIBC. The rumor is that Apple Pay will arrive in Canada this November, supporting mobile payments by way of the iPhone and Apple Watch.

The fees that Apple is charging appear to be a bit of a sticking point, especially if they’ll be higher for the Canadian banks than for their American counterparts. There’s also concern about fraud. As such, it’s being said that these six banks are forming a consortium to ensure the authentication protocols are upheld.

You might recall that Samsung acquired LoopPay in order to create Samsung Pay, which is set to debut on the Samsung Galaxy S6. The nifty trick here is that your phone can act like a magnetic stripe card, a trick that Apple Pay cannot support. Sadly, Samsung has no plans to bring Samsung Pay to Canada… though that might change now that we’re hearing about the Canadian expansion for Apple Pay.


Source: The Verge

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