Apple begins probing market for Apple Pay in IsraelApple is reportedly meeting with banks and credit companies, however, Apple's fee is a talking point...
What you need to know
Apple is reportedly in talks with banks and credit companies in Israel.
It's reported that Apple is aiming to bring Apple Pay to the country.
Apparently, some of the banks involved were surprised by Apple's high fees.
Apple is reportedly in talks with banks and credit companies in Israel, as it seeks to bring Apple Pay to the country.
According to Calcalist via MacRumors:
"Apple representatives have begun a round of meetings with banks and credit companies to formulate agreements to begin Apple Pay's operations in the country. Factors in the financial system were surprised by Apple's fee, 0.2% of each transaction: Exploiting its power."
The Bank of Israel has determined that as of this coming November, Israeli businesses will be able to use the EMV standard for payment via a mobile device. According to the report, representatives of the Israeli fin...
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Apple begins probing market for Apple Pay in Israel
