According to a new report from the Wall Street Journal, Apple may be planning to launch their mobile payment service, Apple Pay, in Canada as soon as this November. The rumor states that Apple is in talks with 6 of the largest banks in Canada to aim for a November launch.
Apple would work with these banks to enable use of credit and debit cards in mobile payments.
Apple was rumored to launch Apple Pay in Canada much eariler this year, but the Wall Street Journal reports that negotiations have been held up due to Apple’s fee proposal’s with the banks. They are also “concerned about security vulnerabilities like the ones that U.S. banks experienced as they rolled out the service.”
Reports claim that Apple Pay will launch in Canada with support from the Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank Of Canada.Source: Wall Street Journal