Updated
Updated · Gulf News · Aug 4
Apple Pay Enters Philippines With 5,000 More Online Merchants Planned
Updated
Updated · Gulf News · Aug 4

Apple Pay Enters Philippines With 5,000 More Online Merchants Planned

3 articles · Updated · Gulf News · Aug 4

Summary

  • Apple Pay officially went live in the Philippines, letting users pay by iPhone, Apple Watch, iPad and Mac at thousands of stores, apps and websites.
  • Four banks — Chinabank, GoTyme Bank, Metrobank and UnionBank — support eligible cards at launch, and some also offer instant virtual cards that can be added for immediate use.
  • Maya Business said it will start enabling Apple Pay for more than 5,000 online merchants, while retailers including Jollibee, Ayala Malls, Rustan's and Shopee already accept the service.
  • Apple said card numbers are not stored on devices or its servers; instead, payments use a unique Device Account Number in the Secure Element, and lost devices can be locked remotely.
  • The rollout gives Apple a foothold in one of Southeast Asia's faster-growing digital payments markets and extends Apple Pay's reach to more than 90 countries and regions.

Insights

With Apple Pay silently rolling out in the Philippines, which major local banks are still missing from the roster?
Will Apple Pay's arrival disrupt the QR-code dominance of GCash and Maya in the Philippines?