It was recently reported that the savings banks are working on introducing Apple Pay. Updated Terms and Conditions have indirectly confirmed this. Now Apple manager Jennifer Bailey and the Sparkassen-Finanzgruppe have commented on the issue.
"The savings banks will launch Apple Pay in Germany later this year and offer customers this simple, secure, and confidential payment method," the Sparkassen Financial Group announced on Twitter on Wednesday morning. Meanwhile, Apple Pay CEO Jennifer Baily commented on the Sparkassen Girocard to the German press agency.
She also officially confirmed the launch of Apple Pay at the savings banks this year – but initially without Girocard support. Bailey did not give an exact launch date. She emphasized that savings bank customers will initially only be able to use Apple's payment service with credit or debit cards. The implementation of the Girocard is to follow at a later date. "We are in favor of integrating the Girocard, but there is still work to be done, including with the Girocard consortium," Bailey emphasized. After a long back and forth, there seems to be a happy ending in the matter of savings banks and Apple Pay – even if Girocard fans will have to wait a little longer. Incidentally, the German Volksbanken and Raiffeisenbanken also confirmed via Twitter that they will launch Apple Pay this year.
Apple Pay was introduced in Germany on December 11, 2018. With Apple's payment service, iPhones and Apple Watches can replace credit cards. Simply holding the device up to the terminal triggers the payment process. You can find out everything you need to know about Apple's payment service here. (Image: Sparkasse)
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