Apple Pay Launches in New Zealand, Now Available in 11 Countries

Apple Pay has arrived in New Zealand late on Wednesday, making it the 11th international rollout where the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term service is available. Apple Pay will be available to customers through an exclusive partnership with ANZ Bank New Zealand, meaning it can only be used with Visa credit and debit cards issued by ANZ.

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The mobile payment service will be accepted by some of the country’s major retailers. However, Apple warned that an additional PIN code may be required for purchases of over 80 New Zealand dollars, a restriction that is also implemented in several other countries for security purposes.

Apple Pay allows users to save their credit card details onto their iPhone devices, instead of storing the actual card numbers on the device or on Apple servers, and then they can pay via contactless terminals in shops or purchase items through apps.

The payment service works with all of Apple's latest iPhones, and the launch in New Zealand follows a fresh upgrade which made the service available for payments on the web through the release of the iOS 10 operating system.

Apple Pay is now available in 11 countries including the US, the UK, China, Australia, Russia, Canada, Switzerland, Singapore, France, Hong Kong, and New Zealand. Later in 2016, Apple Pay plans to expand to Japan, Spain, and Taiwan.

ANZ CEO New Zealand David Hisco commented: “More than 50 per cent of ANZ Visa transactions are contactless and this number is steadily increasing as more retailers adopt contactless technology. Adding Apple Pay to our mobile payment offering will make it fast and convenient for more customers to securely make every day purchases wherever there is a contactless terminal.”

“Following on from our highly successful goMoney mobile banking app, ANZ is pleased to continue leading the industry with innovative solutions for customers,” he added.