Mobile payment to receive boost in UAE as Apple Pay plans entry soon

Early last month, Apple Inc. while releasing its quarterly results, also announced that Apple Pay, its mobile payment software, would be expanded further internationally before the end of 2017. One of the countries where Apple Pay is being introduced is the UAE, the other countries being Denmark, Finland and Sweden. According to local media, Apple Pay has tied up with Emirates NBD, Mashreq, HSBC, RakBank, Standard Chartered and Emirates Islamic, and will be available for these banks’ debit and credit card customers under MasterCard and Visa.