Apple Pay Now fully Supports Five Major Banks in Singapore

Apple has finally launched Apple Pay support
for debit and cards for five major banks in Singapore as POSB, DBS Bank, OCBC
Bank, United Overseas Bank (UOB) and Standard Chartered Bank.  As earlier
Apple Pay was launched in Singapore, but at that time it was limited only to
American Express card holders.

These five banks account for more than
80% of the Visa and MasterCard credit and debit cards issued in Singapore. Their
customers can now add their card details to a “digital wallet” stored
on their iPhones, iPads and Apple Watches. 

As report from Straits, Apple Pay
Vice President Jennifer Bailey, said “Now, almost everyone can leave their
wallets at home. Apple Pay will be a natural extension of what users have been
doing at payment counters.”

Apple Pay will be accepted at over
30,000 retail points including FairPrice and Cold Storage supermarkets,
Guardian, Starbucks and Uniqlo outlets. 

There is a $100 cap for most
transactions, but UOB Bank has lifted the limited merchants, such as Singapore
Petroleum Company, Caltex, Metro and The Coffee Bean & Tea Leaf.

For Apple Pay, supported handsets
include the iPhone SE, iPhone 6, iPhone 6S, iPhone 6 Plus, iPhone 6S Plus, iPad
Pro and the iPad Air 2 and Apple Watch users need only tap the watch on a
contactless reader.

The service is expected to launch mobile
payment service or contactless payment in Spain, Hong Kong, India, France,
Japan and Brazil later this year or early next year.