Apple will open its tap-and-go mobile payments system to rivals, EU antitrust regulators said on Thursday.
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FNB will continue to support a wide range of digital contactless solutions on mobile, including Samsung Pay and Google Pay.
Apple faces a possible hefty fine after EU antitrust regulators charged the iPhone maker with restricting rivals’ access to its technology used for mobile wallets.
Apple is said to be planning a new service that will let small businesses accept payments directly on their iPhones without any extra hardware.
Standard Bank has become the latest South African bank to offer support for Apple Pay, the contactless payment technology used in iPhones, iPads and Macs.
Customers can now use their virtual cards in Samsung Pay, Apple Pay, Garmin Pay and Fitbit Pay as well as in the bank’s own tap- and scan-to-pay solution.
Apple will be hit with an EU antitrust charge over its NFC chip technology, people familiar with the matter said, a move that puts it at risk of a possible hefty fine.
Apple Pay has finally been launched in South Africa. Customers from Nedbank, Absa and Discovery Bank were on Tuesday morning able to load their bank cards into their Apple wallets.
Apple on Tuesday found itself the target of two EU antitrust investigations into its App Store and Apple Pay as regulators said its terms and conditions and restrictions may violate the bloc’s competition rules.
Five years after its ballyhooed debut, Apple Pay is still struggling to take off. Apple is betting its swanky new credit card can change that.