Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Apple to launch digital wallet

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.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.