Two of Canada’s largest banks now support Apple Pay

Starting Tuesday, the Royal Bank of Canada and the Canadian Imperial Bank of Commerce, two of Canada's biggest banks, will allow their customers to use Cupertino's mobile payments app, reports the Financial Post. The remaining trio that completes Canada's Big Five — TD, Bank of Montreal, and Scotiabank — are expected to sign on in the coming months.

Although the payments app launched in the US in October 2014, the service was introduced across the border 13 months later, in November. Moreover, only directly issued American Express cards were supported, while the other banks were reluctant to strike a deal with Apple. Many of the key players in Canada's banking sphere were trying to develop their own mobile payments app. However, after...

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via The Verge
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