Apple Pay is one of the most exciting new products coming from Apple this year, allowing iPhone and iPad users to make online purchases straight from their devices. During its iPad and Mac event, Apple announced an official Oct. 20 launch date for Apple Pay.
CEO Tim Cook also revealed that up to 500 additional banks have signed up on the upcoming service since Apple first announced initial partners last month. Banks will start rolling out Apple Pay this year which will only be available for users in the US.
Apple Pay supports cards from American Express, MasterCard, and Visa through a number of issuing banks in the US including Citi, Bank of America, Capital One, Wells Fargo, Chase, American Express PNC, Navy Federal Credit Union, Barclays, USBank, and USAA.
Also, retail and app partners will support the payment feature, such as Disney, MLB, Nike, Starbucks, OpenTable, Target, Uber, and others. Eddy Cue, Apple’s senior vice president of Internet Software and Services, said the following:
"Our team has worked incredibly hard to make Apple Pay private and secure, with the simplicity of a single touch of your finger. The reaction to Apple Pay has been amazing. We continue to add more Apple Pay ready banks, credit card companies and merchants, and think our users will love paying with Apple Pay.”
For shopping in stores, Apple Pay will work with iPhone 6, iPhone 6 Plus and with Apple Watch, upon availability. For online shopping within apps, Apple Pay is available on iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3.