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Apple Pay could see Canadian launch in November 2015

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p class="intro">A new report claims that Apple is working to launch support for Apple Pay (http://www.imore.com/apple-pay) in Canada in November 2015, expanding beyond the US for the first time.</p> <p>While it might be a longer wait than anyone would like, it appears that Canadian iPhone 6 (http://www.imore.com/iphone-6) and iPhone 6 Plus (http://www.imore.com/iphone-6-plus) owners may be able to use Apple Pay by the end of 2015. A new report, from The Wall Street Journal, says that Apple is working with six major Canadian bank to enable support for Apple Pay in that country. <!--break--> According to The Wall Street Journal (http://www.wsj.com/articles/apple-pay-plans-to-launch-in-canada-this-fall-1429280816):</p>

<p>Lenders in discussions with Apple include Royal Bank of Canada,Toronto-Dominion Bank,Bank of Nova Scotia,Bank of Montreal,Canadian Imperial Bank of Commerce and National Bank of Canada, the people said. Together, those banks account for more than 90% of retail bank accounts, which could provide Apple with near ubiquity upon launch if final agreements are reached.</p>

<p>It's not clear if all of these banks will agree to support Apple Pay. Indeed, the article claims the banks have some issues with Apple's fee proposals:</p>

<p>It is also possible that Canadian banks could face higher costs than their U.S. counterparts, some of those people said. A base case for Canadian banks could be in the range of 15 to 25 basis points on credit card transactions to Apple, according to one of those people.</p>

<p>Apple Pay is currently supported by over 2,500 banks and 700,000 retail locations in the United States, and Apple has been looking to expand the service into other countries.</p> <p><a href="http://www.imore.com/how-use-apple-pay-ultimate-guide" title="" class="cta">Check out how to use Apple Pay in our ultimate guide[/url]</p> <p>Source: Wall Street Journal (http://www.wsj.com/articles/apple-pay-plans-to-launch-in-canada-this-fall-1429280816)</p> </div></div></div><img width='1' height='1' src='(http://tipb.com.feedsportal.com/c/33998/f/616881/s/457d76c0/sc/28/mf.gif)' border='0'/><br clear='all'/>

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