The UK is on the brink of getting Apple's wave and pay service, commonly known as Apple Pay.

It has been reported that Britain's big banks are in talks with the tech giant to bring the service to the high street in the first half of 2015.

According to The Telegraph, negotiations aren't exactly running smoothly but with no bank wanting to miss out on Apple Pay, it looks likely that any bumps will be overcome.

It's believed that one bank is uncomfortable with the amount of personal and financial information Apple wants to collect about its customers. This has sparked fear among some that giving Apple this data could see it moving into the banking industry.

However, as Apple's penetration increases, more and more consumers will be demanding the ability to pay for goods using their mobile devices.

So confident is Apple that its wave and pay service will be coming to the UK, it has advertised for interns at its London office for Apple Pay.

The ad stated that: “Apple Pay is a new and exciting area in Apple that is set to expand across Europe, Middle East, India and Africa. Apple Pay will change the way consumers pay with breakthrough contactless payment technology and unique security features built right into their iPhone 6 or Apple Watch to pay in an easy, secure, and private way.”

Once terms have been reached between the smartphone manufacturer and the UK's big banks, iPhone 6 users will be able to upload their credit or debit cards to their handset and use a wireless microchip to pay at terminals. This will be verified through the thumbprint scanner.

With Apple taking a fee from each transaction, rolling wave and pay out to the UK will be a crucial step in organisation's growth trajectory.ADNFCR-2155-ID-801767748-ADNFCR

Written by Mazuma

Mazuma Mobile is the UK's most trusted mobile phone recycling service.

Leave a Reply

Your email address will not be published. Required fields are marked *