Advertisement
Canada markets closed
  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     
  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     
  • Bitcoin CAD

    87,549.81
    -929.53 (-1.05%)
     
  • CMC Crypto 200

    1,383.71
    -12.82 (-0.92%)
     
  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     
  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     
  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Apple Pay is launching in the UK on July 14, leaked document claims

Apple Pay
Apple Pay

(AP) A customer makes a purchase with a MasterCard using Apple Pay on the iPhone 6.

It looks like Apple Pay will be launching in the UK on July 14.

9to5Mac's Mark Gurman has got his hands on what appears to be an internal memo from supermarket Waitrose saying that Apple's cardless payment scheme will launch in Britain later this month.

Apple Pay is already available in the US, and it lets users pay for items at contactless payment terminals using only their iPhone or Apple Watch. Apple Pay is reliant on tokenization technology, which has slowly been switched on by payment services providers including Global Payments and Visa — paving the wave for the UK launch.

ADVERTISEMENT

According to Digital Spy, eight major British banks will support Apple Pay — but Barclays is still in negotiations. Initially, Apple Pay transactions will be capped at £20 per transaction — much like other contactless payment methods. But this limited will be raised in the Autumn, according to one of Gurman's sources.

Business Insider has reached out to Apple and Waitrose for comment, and will update when they respond.

NOW WATCH: Apple Music will charge you after 3 months if you don't do this



More From Business Insider