Apple Inc. (NASDAQ:AAPL)’s mobile payment service is still expanding rapidly and is quickly turning out to be the most convenient payment method for iPhone users.
The payment service is easy to use, and it takes just a few seconds to complete a payment. One of the major reasons why it is set up to become the most convenient payment method or service for iPhone users is because people always carry their smartphones wherever they go. However, the same cannot be said for credit cards.
Apple Pay is currently affiliated with American Express Company (NYSE:AXP) credit cards. The company recently announced plans to support Visa Inc (NYSE:V) cards provided by Standard Chartered, UOB, and DBS. The company has been working to increase the number of outlets where users can make payments. This means Apple customers can expect to find NFC wireless payment readers in the places where they go shopping.
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The payment service is supported on devices running iOS 9.1 or a later model. It also requires devices to have a fingerprint sensor. The feature is also available on Apple Watches with WatchOS 2.1 or later. The ease of the service is expected to attract more people to purchase iPhones, especially the recent models so that they can use the service. Some iPhone users in countries where the service has not yet been launched have also reported that they are eagerly waiting for the company to expand Apple Pay support in their countries.
The company’s latest launch was in Australia where it was ushered in by Australia and New Zealand Banking Group. The bank’s CEO Shayne Elliott stated that the launch of the payment service was a vital milestone in the bank’s strategy for the adoption of digital technology. The CEO also expressed pride in AZN being the first bank in Australia to support Apple Pay. During a recent press conference, Apple CEO Tim Cook stated that the launch of the service in China a month ago was successful, and the company is still expanding Apple Pay’s reach.