Apple has announced that Apple Pay will be coming to UAE by the end of this with support from the following financial institutions, which include EmiratesNBD, RAKBank, and Mashreq Bank.
“We know our customers in the UAE will love the added convenience and security Apple Pay brings, and we can’t wait for them to start making easier and more private payments soon,” said Jennifer Bailey, VP of Apple Pay.
Apple says Apple Pay is experiencing phenomenal traction and is now live in 16 markets (US, UK, Canada, Australia, China, Singapore, Switzerland, France, Hong Kong, Russia, New Zealand, Japan, Spain, Ireland, Taiwan and Italy), with UAE, Denmark, Finland and Sweden scheduled to go live before the end of this calendar year.
There are more than 20 million contactless-ready locations globally where Apple Pay is live today, including more than 4.5 million locations accepting Apple Pay in the U.S. alone. Apple claims Apple Pay is by far the number one NFC payments service on mobile devices, with nearly 90% of all transactions globally.
There are over 3,000 banks bringing Apple Pay to customers around the world.