MasterCard is bringing ApplePay to its Swiss and Hong Kong customers and cardholders.
MasterCard contactless (NFC) in Switzerland has more than 100,000 locations including Migros, Coop or Kiosks. More than 3 million contactless purchases are made every month, up 100% compared to the previous year.
MasterCard is working with several Swiss banks and card issuers to enable cardholders to use their MasterCard credit or prepaid cards with Apple Pay.
In Hong Kong MasterCard is working with major card issuing institutions, including BOC Credit Card (International) Limited, DBS Bank, Hang Seng Bank, HSBC, Standard Chartered and The Bank of East Asia, to enable their customers to use their MasterCard credit cards with Apple Pay.
A recent MasterCard survey indicated that Hong Kong consumers are embracing mobile payment technologies. Nearly three-quarters of local shoppers (74 percent) are likely to use digital wallets with their mobile phones in the next year.
When you use a credit or prepaid card with Apple Pay, the actual card numbers are neither transferred to Apple, nor stored on the device or on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.
Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by their card of choice. In participating stores, Apple Pay works with iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPhone SE and Apple Watch.
Online shopping in apps accepting Apple Pay is simple, without needing to repeatedly fill out lengthy account forms or type in shipping and billing information. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPhone SE, iPad Air 2, iPad mini 3, iPad mini 4 and iPad Pro.
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