Apple Pay adds two of the five major Canadian banks, three more confirmed to come online in later months
Date: Tuesday, May 10th, 2016, 08:33
Category: Apple Pay, Finance, News, Wearables
In Canadian news that doesn’t focus on a horrible, raging wildfire, Apple Pay has gone through for Interact debit and major credit cards issued by Royal Bank of Canada and Canadian Imperial Bank of Commerce. Until today, customers of these banks had to use a non-bank-issued American Express card, bringing two of the five major banks under the Apple Pay flag.
ATB Financial and Canadian Tire Financial Services also go live today. Apple Pay VP Jennifer Bailey confirmed that all of the Big Five will be included and offered the following statement:
“We are thrilled that seven of Canada’s leading banks, including […] every one of the Big Five are bringing Apple Pay to their customers.”
Both CIBC and RBC support all major debit and credit cards, while CTF and ATB only support credit cards, though ATB is promising that debit cards will be added at a later date.
As is often the case, support for Apple Pay has been delayed by banks hoping to sell customers on their own mobile wallet services.
Back in the U.S., department store Kohl’s has integrated Apple Pay with rewards points, with other retail chains expected to do the same shortly.
Stay tuned for additional details as they become available.