News: Apple Pay UK Launch $AAPL

Apple introduced mobile payments in Britain on Tuesday, hoping to make a splash with consumers familiar with using cards for tap-and-go purchases, as resistance from hold-out banks and stores appeared to evaporate.

Apple Pay is set to be available in 250,000 sites, from Tube stations to coffee shops, supermarkets and travel services, making it more widely available than when it was first introduced in the United States nine months ago.

Part of Apple Pay’s appeal to banks and merchants is its higher level of security than most other electronic payment methods to date, and its ease of use, once customers wade through the bureaucratic process of connecting their accounts.

View the full release here.