Apple Pay is taking banking technology to the next level as they settle a deal with five of Canada’s biggest banks.
According to the Toronto Star, as of today BMO, TD and Scotiabank will join CIBC and RBC to allow cardholders to pay by holding their smartphones against payment machines.
In November of 2015, Apple Pay came to Canada but was unwelcome by major banks. Apple’s ask of $0.15 for ever $100 USD spend using Pay was an issue of concern for the big banks according to rumours. It looks as though they were able to come to an agreement.
Apple Pay can only be used by iPhone 6, 6s, and Apple Watch users.
— splenda daddy (@vaibhxv) May 22, 2016
(Photo courtesy of Mybloodtypeiscoffee via Wiki Commons)