Apple Pay is arguably one of the best services in Digital Payments sector. Apple is trying to revolutionize the way people make their daily transactions. Apple is tying up with various banks for maximizing their facilities for the people. They plan to launch their services worldwide.
Apple has been termed as the most useful service in United Kingdom as compared to the home market of Apple United States. The facility of the payment terminals has almost reached the most major terminals in UK. There is a limit on the contactless terminal on Apple pay for £30 ($44). Apple is also trying to raise the limit on the cap of the high value payments using Apple Pay. Currently most of the banks do not allow high value payments on the Apple pay service however sooner the cap or the limit on payments will be removed. People will also be able to make high value transactions using Apple Pay and their Apple devices.
In an interview with HSBC, bank told the retailers are slowly getting the facility of making high value transactions. This is so far one of the news heard in favor of the transactions. The bad news is that there is no list as such which may be able to confirm how many major retailers are able to make the transactions of larger amount. I the second phase of the services of the Apple it is expected that Apple pay will be sooner available with some of the Asian countries too. The Apple Pay is sooner expected to debut in Indian market too. Apple has tied up wit some of the major key players in the market for smoother transactions across the retail and bank networks. They are planning to expand it worldwide. Apple is currently facing issues with limited payment option however it will be sooner removed from the context of the user.