Major UK banks have signed up to allow its customers access to Apple Pay from autumn 2015.
Apple Pay allows mobile payments with an easy, secure and private way to pay. In stores, Apple Pay works with iPhone 6, iPhone 6 Plus and Apple Watch. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3.
Lloyds Bank, Halifax, Bank of Scotland, the Nationwide Building Society, Santander, NatWest and RBS have all confirmed their participation in the UK launch of Apple PAy.
When you add a credit or debit card to Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device.
Stephen Noakes, managing director of retail customer products at Lloyds Banking Group, said: “The way consumers fulfil their banking needs is changing in the UK, as our customers want to bank and transact on the go – offering Apple Pay utilises the latest technology to respond to this ever increasing demand.”
Apple said there would be 250,000 outlets in the UK which would accept Apple Pay when it launches later in the year.