Apple News
Apple Pay expands to Big Five banks in Canada with support for Visa, MasterCard and Interac
Pay in more places.
Apple has accomplished what no other FinTech company has: it has negotiated with the Big Five Canadian banks to expand Apple Pay to support Visa, MasterCard and Interac.
The company announced today that Apple Pay will now support credit and debit cards running on the Visa or MasterCard credit networks, along with the hugely popular Interac debit network, for all five major banks and two smaller financial institutions.
As of May 10th, Apple Pay is available from:
CIBC (Visa, MasterCard, Interac)
RBC (Visa, MasterCard, Interac)
ATB (MasterCard, with Interac coming soon)
Canadian Tire Financial Services (MasterCard)
The other Big Three banks, TD Canada Trust, BMO, and Scotiabank, have all signed on to support Apple Pay, but support for their Visa, MasterCard, and Interac cards won’t go live for some time. Apple won’t say when its payment system will be available from those institutions, which comprise nearly half of Canada’s personal credit and debit card cus…