A lot of banks are excited to be a part of the Apple. The company has officially launched their online payment services which shall help people making instant payment via Apple pay. The beauty of the Apple Pay allows people to make instant payment with their own Apple devices.
The electronic payment is an articulated way to make instant payments for various merchants. Apple has tied up with various banks across United States to make instant payment for the merchants. Apple is reportedly trying to launch the service so of the Apple pay in phase by phase mode and in a very short term, the services of the Apple pay will be available across the whole world.
A lot of banks agreed over the terms of the company however Barclays refused to be a part of the program. In fact Barclays was one of the only chosen banks to refuse completely over the services of the Apple. Reason being, they launched their own virtuoso services for the mobile payments. The mobile payment service known as bPay is meant to push similar services for the people. It is a chip, which is purely contactless. It is embedded into the physical objects.
The electronic payment service of the Barclays could not exactly supersede Apple. They tried hard to convince people, In one of their latest attempts for chasing people Barclays started offering a watch which had a chip embedded into it. They called it poor man’s Apple watch as it could exactly fit in under rubber band for watch. The watch of the Barclays costs around 19.99 pounds or $26. It allowed people to freely make contactless transaction however one thing is to be noted here it had a transaction limit of $40 daily. Secondly it had no security parameter attached with it.
