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Apple Pay struggles outside US amid low uptake, bank resistance

Its US$10.9b usage last year is less than annual volume of transactions in Kenya, a mobile payments pioneer

Published Thu, Jun 2, 2016 · 09:50 PM
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London

MORE than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments market, snagged by technical challenges, low consumer take-up and resistance from banks.

The service is available in six countries and among a limited range of banks, though in recent weeks Apple has added four banks to its sole Singapore partner American Express; Australia and New Zealand Banking Group in Australia; and Canada's five big banks.

Apple …

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