Apple Pay Gets New Institutional Support Across Globe

New institutional support has expanded Apple Pay compatibility around the world.

Apple Pay Gets New Institutional Support Across GlobeTwenty-two smaller banks and credit unions have offered their support for Apple’s mobile payments service in the US, where the platform already has a strong base. But it has seen a boost in markets where its presence isn’t so strong, too: Russia’s Bank Devon-Credit, Credit Union Payment Center, Khlynov, Kuban Credit, Levoberezhny, Primsotcbank, and Sovcombank have all signed on.

Meanwhile, in China, Beijing Rural Commercial Bank, Haikou Rural Commercial Bank, Jiangsu Jiangnan Rural Commercial Bank, Jiangsu Jiangyin Rural, Commercial Bank, Shengjing Bank, and Yunnan Rural Credit Cooperatives have offered their support. That support could prove important in a country where Apple Pay has less than one percent marketshare in mPayments, according to a recent report.

As AppleInsider reports, support in Australia has also arrived from Latitude Financial Services and RACQ; and Apple Pay has also gone live with the UK’s Cumberland Building Society.

Source: AppleInsider, 9to5 Mac