In the US, units of the Apple iPhone 6 and Apple iPhone 6 Plus can pay for stuff by simply waving their smartphone on NFC terminals, thanks to Apple Pay, the Cupertino firm’s new mobile payment service. This, however, isn’t the same case in the UK. We know from previous reports and job postings that Apple is planning to launch Apple Pay in the UK and China, but the question is when. According to a report, Apple will be launching the new payment option in the UK sometime in the first half of 2015.
The news comes to us courtesy of The Telegraph. According to the publication, “Britain’s top banks are in talks with Apple to introduce its iPhone “wave and pay” service, Apple Pay, to the high street in the first half of 2015.
“Negotiations between the Silicon Valley giant and at least one of the biggest banks have proved tricky, however, because of wrangling over the terms, including what data Apple will be able to access, according to sources.”
So what kind of data are banks uncomfortable sharing with Apple? The banks are said to be concerned about sharing financial information about its customers. Bank executives are worried that data shared on Apple Pay could compromise banking security.
Although Banks in the UK have their concerns about Apple Pay, they do not want to miss out on the business opportunity, as the payment service is clearly a big hit in the US.
Of course, since Apple is yet to make an official announcement, take this with a pinch of salt.
Keep it here at Phones LTD for further announcements.