Apple is to launch a digital wallet for iPhone users tomorrow (July 14), allowing shoppers to pay for a wide range of goods and services with their phones.
Apple Pay, which has signed up retailers including Marks and Spencer, does not have a pin code; users just wave their iPhone over a contactless card reader.
The service is subject to the normal contactless transaction limits of £20 per payment. In September, Apple Pay purchase limit will be raised to £30. Higher value transactions will be possible when retailers and merchants upgrade their payment terminals.
Apple Pay is launching with all of the major UK banks except Barclays which has not yet signed up to the service.
The digital wallet has been slow to pick up in the US where it launched late last year but it is thought consumers will be more receptive in the UK due to the prevalence of contactless payment on the high street.