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  • Visa, Amex to launch Apple Pay in HK

    Visa, Amex to launch Apple Pay in HK

    Visa and American Express have both revealed plans to support mobile payment service Apple Pay in Hong Kong starting this summer.

    Customers in the region with American Express and Visa cards will be able to use Apple Pay to pay for purchases where contactless payments from the credit or charge cards are accepted.

    Apple Pay supports the iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPhone SE and Apple Watch for in-store payments, and these devices plus the iPad Air 2, iPad mini 3, iPad mini 4 and iPad Pro for payments from within apps.

    The platform uses the Visa Token Service to ensure card numbers are not stored on the device or on Apple servers.

    Instead a unique device account number is assigned, encrypted and securely stored in the Secure element on a user’s device device. Each transaction is authorized with a one-time unique dynamic security code. Customers can use Apple’s TouchID fingerprint authentication system to approve payments.

    “Visa is proud to support issuers in Hong Kong who want to launch Apple Pay to bring their customers a more secure and convenient way to pay. In Hong Kong contactless payments have become a necessity for everyday life,” commented Caroline Ada, country manager for Visa Hong Kong and Macau.

    “American Express was the first card issuer to bring Apple Pay to Card Members in the Asia Pacific region. Our customers love the ease and security of Apple Pay in their daily spending, dining and leisure activities,” added American Express VP and general manager for card services for Hong Kong and Taiwan Susanna Lee.

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  • Five major banks lined up to support Apple Pay launch in Singapore

    Five major banks lined up to support Apple Pay launch in Singapore

    Five major banks, representing 80% of Visa and MasterCard credit and debit cards issued in Singapore, have signed up to Apple Pay, extending the use of the mobile wallet beyond a limited earlier release for AmEx cardholders.

    MasterCard says it is working with DBS, OCBC, POSB, Standard Chartered and UOB, to enable iPhone and Apple watch users to make purchases in stores equipped with contactless readers.Recent figures from MasterCard indicate that consumers in Singapore are supportive of the idea of adopting contactless payments. Singaporeans are among Asia’s top three adopters of digital wallets and interest has been climbing steadily with one in four likely to use a digital wallet compared to just one in 20 three years ago.

    Apple Pay’s launch comes just a month after Samsung announced plans to roll out its rival mobile wallet with the support of DBS/POSB, OCBC Bank and Standard Chartered. Previously, Apple Pay had only been available for American Express cardholders in Singapore.