Apple launches its contactless payment service in S.Africa

  • Reuters
  • Stock Market News
Apple launches its contactless payment service in S.Africa
Credit: © Reuters.

By Akhona Matshoba

JOHANNESBURG, March 30 (Reuters) - Apple Inc. AAPL.O introduced its contactless payment service in South Africa on Tuesday, as the global tech giant looks to cash in on the mobile payments boom in the country.

The use of digital finance and payments systems has surged in South Africa and elsewhere as the coronavirus crisis has prompted a shift towards e-commerce and contactless payments.

Apple Pay has joined Samsung (KS: 005930 )'s digital wallet offering, Samsung Pay, which was launched in South Africa in 2018.

Apple said it had launched the service without giving details.

The service is available via three South African banks, namely Absa Group ABGJ.J , Nedbank Group NEDJ.J and Discovery (JO: DSBPp ) Bank, which is part of the Discovery DSYJ.J group.

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  • Dany Luvo @Dany Luvo
    This will do wonders for Absa's recovery process after the pandemic. Very nice, a step to the direction of the Future
    Like 0