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Canadian banks launch Apple Pay thanks to MasterCard alliance

May 11, 2016

MasterCard will bring its Canadian cardholders Apple Pay as the Royal Bank of Canada, Canadian Imperial Bank of Commerce, Canadian Tire Bank and ATB Financial are the first financial institutions to support the service starting today.

Cardholders who bank with BMO Financial Group will be able to use Apple Pay in the coming weeks, according to a press release from MasterCard.

"We're excited to work with Apple to bring a new way to pay that eliminates something many of us dislike: carrying a bulky physical wallet. Apple Pay allows consumers to pay with their iPhone — an item most of us wouldn't think to leave home without," said Jason Davies, VP of digital payments for MasterCard Canada. "Thanks to our contactless footprint, our cardholders can tap their Apple devices to pay across the country. This innovation is part of our commitment to offer Canadians convenient, fast and secure payment options."