ApplePay

ApplePay

Electronic

Transfer period

Instantly

Transfer fee

Not available

Country

🇺🇸 USA

Age

10 years

About ApplePay

A payment system developed by Apple that allows users to make contactless payments using their devices.

Advantages

The ability to make payments using an iPhone, iPad, Apple Watch, or Mac without a physical card

Use Face ID, Touch ID, or a password to confirm transactions

Works in many countries and regions

Supported by most banks and payment systems

Supports contactless payments in stores, online payments in apps and on websites via Safari

Disadvantages

Available only on Apple devices

How does the ApplePay system work?

Apple Pay ensures a high level of security by using a unique device account number and a dynamic security code for each transaction. Card data is not stored on the device or Apple servers, nor is it shared with merchants during payments, ensuring user privacy.

The service is supported in many countries, including Ukraine, where it has been available since 2018. Apple Pay is compatible with most payment systems, including Visa, Mastercard, and others, allowing users to add various cards to their wallet.

Thanks to its integration with the Apple ecosystem, users can quickly and conveniently make payments in stores, apps, and on websites using their devices.

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