Home ETF News Apple launches payments service in Germany following delay By Reuters

Apple launches payments service in Germany following delay By Reuters

by TradingETFs.com

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© Reuters. FILE PHOTO: Man uses iPhone 7 smartphone to demonstrate mobile payment service Apple Pay at cafe in Moscow

FRANKFURT (Reuters) – Apple (NASDAQ:) has launched its mobile payments service in Germany, four years after its start in the United States and trailing Google (NASDAQ:), which started its payments app in the country in June.

Customers at banks such as Deutsche Bank (DE:), Commerzbank (DE:) unit Comdirect, Hypovereinsbank, Wirecard, Hanseatic Bank and of credit card providers Mastercard (NYSE:), Visa (NYSE:) and American Express (NYSE:) will from Tuesday be able to use Apple Pay, the companies said in separate statements.

Retailers such as discounters Aldi and Lidl, supermarket chain Kaufland, drugstores Rossmann and DM, department store chain Kaufhof, clothing retailers H&M, Esprit, C&A and Zara as well as consumer electronics chain MediaMarkt will accept payment with the app, which allows customers to pay contactless by holding their smartphone in front of a payment terminal.

While Apple has already launched its payment services in 20 other countries including France, Poland and Switzerland, a fight over fees had delayed the start in Germany.

(This version of the story corrects reference to Apple Pay in paragraph 2)

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