Banks look to Apple Pay as gamechanger

Despite slightly higher fees, they see the contactless payment scheme changing the way consumers spend and make payments

Published Mon, May 25, 2015 · 09:50 PM

    Singapore

    IT'S a game of hypotheticals, but one worth considering when it involves technology giant Apple.

    Banks here are waiting on Apple Pay. If it comes to Singapore - now the second-most active contactless payment market in the world, according to Visa - Apple's contactless payment scheme would change the way consumers spend, and make payments.