Apple Pay continues to gain ground ahead of Samsung Pay arrival
Apple Pay has rolled out support for more financial institutions in the good ol’ United States of America.
While the UK is in line to launch the mobile phone-based payment service at some point this month (July 14), Apple Pay is now supported by 23 new banks and credit unions in the US.
This comes at a time when the company’s biggest foe, Samsung, is putting finishing touches to its own payment service which should launch in South Korea by September. The Samsung Pay is reportedly facing hardware issues despite Samsung’s $300m acquisition of payment start-up Loop Pay to stream-line the process of bringing alive an Apple Pay rival.
Apple Pay has been criticized by PayPal but has received massive support from card companies like MasterCard. In the stock market, the former is splitting away from parent company eBay in a bid to remain focused while raking in more revenue for investors.
List of 23 new banks and credit unions added to Apple Pay support
- American Chartered Bank
- Bank-Fund Staff Federal Credit Union
- Bellco Credit Union
- EFCU Financial
- First Federal
- First National Bank
- Health Care Systems Federal Credit Union
- Keesler Federal Credit Union
- Kemba Credit Union
- Members 1st Federal Credit Union
- NorthStart Credit Union
- Parsons Federal Credit Union
- Pinnacle Bank
- Randolph Brooks Federal Credit Union
- Service Credit Union
- SRP Federal Credit Union
- SUMA (Yonkers) FCU
- Tampa Bay Federal Credit Union
- Tennessee Valley Federal Credit Union
- Tri County Area Federal Credit Union
- Trona Valley Federal Credit Union
- United Teletech Financial
- Winthrop Area FCU
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