Apple Pay is presently available in Singapore

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Source:   —  April 19, 2016, at 7:33 AM

Apple Pay lets customers pay for physical and digital goods using their iPhone, iPad or Apple watch, but it is initially somewhat Ltd in Singapore.

Apple Pay is presently available in Singapore

Apple has launched Apple Pay in Singapore today, making it the second country in Asia after China to obtain the digital payment service.

Apple Pay lets customers pay for physical and digital goods using their iPhone, iPad or Apple watch, but it is initially somewhat Ltd in Singapore. That’s because it's only open to American Express credit card holders first. Apple said in a statement that “credit and debit cards from Singapore’s most favorite banks, including DBS, UOB and Standard Chartered will work with Apple Pay in the coming months” — that’ll be thanks maintain for Visa which is listed as “coming soon” on the Apple Pay Singapore website.

Singapore is one of the world’s most advanced payment nations, with cashless payments popular among the mainstream thanks to government initiatives and programs from banks. But some analysts believe that, even here, there will be a learning curve before wide adoption occurs.

“I think that consumer adoption of Apple Pay will be slower than expected in Singapore. The utilize of contactless card payments is increasing in Singapore, and consumers are comfortable with using it. While there are still significant barriers to consumer adoption of digital wallets today, it'll get time before these wallets become more convenient for customers and as customers realize the benefits and extra cost that digital wallets bring,” Forrester researcher Zhi Ying Ng said in a statement.

Apple Pay is also supported in the U. S., Canada, Australia, the U. K. and China.

Beyond becoming Apple Pay’s second market in Asia, Singapore will become the first country in Southeast Asia to obtain an official Apple Store. The company latest year confirmed it's plans to add the store, while adding that its operations in the country will be powered entirely by renewable energy.

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