During Apple’s fiscal third quarter announcement, the company’s chief financial officer revealed that Apple Pay will come to the UAE before the end of 2017.
Luca Maestri said that Apple’s contactless payment service is “scheduled to go live before the end of this calendar year” in the UAE, Denmark, Finland and Sweden.
UAE residents will soon be able to rely on their iPhones to make contactless payments using the technology, and the iPhone giant ensures that such payments are secure as all transactions are encrypted.
Maestri also noted that 90% of mobile transactions around the world are through Apply Pay and once iOS 11 launches, users “will be able to make and receive person-to-person payments quickly, easily, and securely”.
The third quarter has been a success for Apple, with the company reporting it generated $45.4 billion in revenue and $7.72 billion in profit from the sales of 41 million iPhones, 11.4 million iPads and 4.29 million Macs.
Apple is set to introduce the high-end iPhone 8 in September this year, which is expected to pack a new, more colorful and brighter “OLED” panel that takes over almost the entire front of the phone.