Apple’s NFC-powered mobile payments service Apple Pay is due to hit the UK market in the first half of 2015, after gaining some ground in the US at the end of this year, reports The Telegraph.

The British publication didn’t name which banks specifically are in talks with Apple, but reported “at least one of the biggest banks” has been tricky in negotiating with the company.

The unnamed bank is said to be weary of which data Apple will be able to access, including the amount of personal and financial information the Cupertino-based company will be able to collect. Some executives fear Apple wants to take over the banking industry.

Still, even with this fear, it would be dumb for a bank to miss out on Apple Pay. It’s still early days for the mobile payment software. However, early numbers are looking good.

Apple Pay now accounts for 1.7 percent of the mobile payments market after its launch on October 20, still lagging behind Google Wallet’s 4 percent share of the market, according to ITG research. The top three retail locations iOS users took advantage of Apple Pay during its first six weeks on the market were Whole Foods, Walgreens, and McDonalds.

A job listing in December revealed Apple is forming a new team focused on Apple Pay at its London office.

“The new London-based Apple Pay team will work to drive the roll-out of this technology across EMEIA by working with a variety of internal and external partners, including teams in the US where the product will first launch and the EMEIA organisation, as well as Issuers, payment networks and merchants across Europe.”

The retail and commercial banking markets in the UK are dominated by HSBC, Barclays, Lloyds Banking Group, Royal Bank of Scotland Group and Spanish-owned Santander. Most of the companies operate more than one banking brand that may sound a bit more familiar.

[The Telegraph]

  • Dany Quirion

    UK before Canada.. how stupid is that… weve had NFC terminal for years now…

    • InfinitePlusOne

      Don’t cry, we haven’t had iTunes Radio yet.

    • onesimpleclik

      Wonder when it will come to Australia as well.. we’ve had NFC terminals for years too. Australia is ready for it.

      • John

        Australia is not ready for Apple Pay.

        Yes, we have NFC terminals everywhere but we do not have tokenisation and will not have it until the second quarter of 2015–This has been confirmed by both Visa and MasterCard so until that happens, it doesn’t matter how ready the people of Australia are, it will not happen.

      • onesimpleclik

        I mean we are ready in the sense that we would use it a lot, since we are already accustomed to use Paywave/Paypass. Hopefully it’s something that happens later next year..

      • John

        Oh right. Shit yeah, Australia would easily overtake the U.S. in terms of Apple Pay usage, especially when the Apple Watch is released…we would certainly be all over that.

    • Kr00

      This is just a report. The only ones who really know which banks are in negotiations, are Apple and the banks. It would be like negotiating with greedy lawyers. I wouldn’t want that job for all the tea in China.

    • Xee

      UK should always come before Canada!

  • MLB

    CANNOT WAIT. Here in the UK contactless is everywhere and I hope the retailers don’t start getting the arse about it all, like in the US

  • InfinitePlusOne

    Please make it by February haha

  • Daniel Beecham


  • pauleebe

    This could be so much more successful in Europe from the get-go, where it’s my understanding that NFC terminals are much more common.

  • Jife66

    “Early 2015” ,in the UK that means possibly 2017 … or perhaps 2020 … or never, just like iTunes radio.

  • rosssimpson

    Just like iTunes Radio (y) Still waiting for that over here in the UK