Canada’s Major “Big Five” Banks Signing On for Apple Pay

The availability of the mobile payments service Apple Pay is now hugely expanding in Canada. Two of the country’s “Big Five” banks, the Royal Bank of Canada and Canadian Imperial Bank of Commerce, are today supporting Apple Pay, with the other three soon to follow.

Canada’s Financial Post reports that, from today, Interact debit and major credit cards from RBC and CIBC can be loaded onto compatible iPhones, iPads and Apple Watches for making swifter purchases. Another two of the country’s financial institutions, ATB Financial and Canadian Tire Financial Services, are also adding Apple Pay support from today.

The remaining members of the “Big Five” – Bank of Montreal, Toronto-Dominion Bank and Bank of Nova Scotia – have also, according to Apple, agreed to start offering Apple Pay “in the coming months”, though have so far not scheduled specific launch dates.

Apple has updated its Canadian website to reflect this new roll-out of Apple Pay. This part of the website also specifies which Apple devices support the service; compatible iPhones can use it both in stores and within apps, while iPads are limited to in-app buying and the Apple Watch can only be used for making in-store payments.

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