Menu Close

Category: Apple Pay

Apple Pay is now available in Sweden, Austria and Malta

Apple has extended its mobile payment service, Apple Pay, to three more countries: Malta, Austria and Sweden. More than 20 banks from the three countries now support Apple Pay.

In a press release dated 4 December, Swedbank, one of the largest banks in Sweden, stated: “Today, Swedbank and the savings banks launches Apple Pay for all their customers with Mastercard and Maestro debit cards, which will offer them yet another easy, secure and private way to pay. Swedbank sees a continuously increasing interest in various mobile payment services. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites.”

The press release goes on to quote Head of Digital Banking at Swedbank Lotta Lovén as saying:

“We want to be able to provide our customers a good range of digital and mobile services and Apple Pay is a sought-after service among our customers. We are pleased to now be able to broaden our mobile payment offer with yet another secure and smart alternative, which will provide lots of added value for our customers.”

In other news, Apple has announced that it is partnering with 12 popular retailers to provide discounts and promotions exclusive to customers that use Apple Pay to complete their transactions.

Below is a list of the Apple Pay promos:

  • 1-800 Flowers – $15 off an exclusive holiday gift collection.
  • 1stdibs – $150 off when you spend $500 or more in the app with code PAYFASTER.
  • BJ’s – $10 off your next purchase when you spend $150 or more at BJ’s online.
  • Club Monaco – Extra $25 off your next purchase when you spend $100 or more at clubmonaco.com with code PAYFASTER.
  • Crocs – 25% off purchases at crocs.com through December 13.
  • Hayneedle – Extra 10% off holiday decor, furniture, gifts, and more.
  • HBX – Free shipping when you spend $50 or more.
  • New York & Company – Extra 10% off in the New York & Company app with code PAYFASTER.
  • Outdoor Voices – $25 off your next purchase when you spend $125 or more.
  • Snapfish – Get 50% off all orders in the app with code PAYFASTER.
  • StockX – $20 off your next Buy Now purchase when you spend $200 or more with code PAYFASTER.
  • Warby Parker – Free set of 4 illustrated 2020 party frames for ringing in the new year.

The deals are valid through 18 December.

Apple CEO: Apple Pay now outgrowing PayPal

According to Apple CEO Tim Cook, Apple Pay is now growing at a faster rate than PayPal, the web’s most popular payment service. Apple Pay is the company’s mobile payment service that allows users to make purchases using their iPhones.

During a call with investors, Cook asserted that Apple Pay is currently servicing close to one billion transactions every month—an increase of more than 100% from a year ago. Business Insider reports: “In the past three months, [Apple Pay] has launched in 17 new countries, which means its reach now extends to 47 markets in total, including the entire European Union.”

Cook stated that, over the last quarter, Apple Pay bested PayPal in two critical areas: volume of transactions per month and the number of new users that have signed on to the service.

“Cook was likely referencing numbers reported earlier this month in PayPal’s second-quarter earnings,” Business Insider reports. “PayPal said that it added nine million new members during the second quarter. It also said that engagement per active account increased by 9% to 39 times a year.”

While Cook’s spokespeople did not respond to a request for comment, Business Insider estimates that a minimum of nine million new users were picked up by Apple Pay during the last quarter.

In January Apple announced that, with the addition of Target, Taco Bell, Hy-Vee supermarkets in the Midwest, Speedway convenience stores and Jack in the Box, “74 of the top 100 merchants in the US and 65 percent of all retail locations across the country will support Apple Pay.”

Commenting on the expansion, Apple’s vice president of Internet Services, Jennifer Baily, stated:

“Whether customers are buying everyday household items, groceries, snacks for a road trip or grabbing a quick meal, Apple Pay is the easiest way to pay in stores, while also being secure and faster than using a credit or debit card at the register. We’re thrilled even more customers will be able to pay at their favorite stores and restaurants using the Apple devices that are always with them.”