How to get Apple Pay in Australia first
American Express intends to offer Apple Pay to Australian card holders by the end of 2015.
It’s been a long wait for Apple Pay in Australia, given the service launched in the US back in 2014. The primary issue appears to be the negotiations with banks and the related intercharge fees paid between financial institutions.
American Express has announced that it has come to an agreement with Apple to bring Apple Pay to both Australia and Canada this calendar year, with additional services available in Spain, Singapore and Hong Kong in 2016. Apple Pay will be available for consumer, small business and corporate American Express card holders.
Apple Pay uses the NFC chip found in the iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus and a paired Apple Watch to securely transfer banking information in the same way that existing tap-and-go cards already do for many Australians.
Apple Pay doesn't store the exact card number on the device. Instead, it uses a unique identifying code specific to the handset, matched to a one-time code for each transaction, so there’s no need to reissue cards if there is any kind of security breach, because both codes need to be verified for each individual transaction.
So you'll need an American Express card if you’re keen to try out Apple Pay. There are a lot of options you can choose from, so check out our detailed comparison guide.