It's incredible what banks in Austria and Germany get away with for online banking. Penny pinching at it's finest.
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Apple Pay Cash Likely to Launch in Europe Imminently
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The recipient needs to add their bank debit card to Apple Wallet and enable Apple Pay. Then when you send them money they can dump it right into the bank account linked to the debit card.
So why would I want to give my mobile number to total strangers when selling at a car boot sale, or anywhere else. That is the biggest flaw with that system. Tying it to personally identifiable information is daft. Whoever approved that or thought it was a good idea should be sacked
It's funny how fast you take these things for granted. We have Swish here in Sweden which is free and very secure, works via your cellphone number, is instant and most importantly it's cross-device functional (meaning it works to/from Android devices as well).
I think that if they were to launch Apple Pay Cash in Sweden, it'd have a VERY hard time competing with Swish which the Swedish people have already taken to heart - if not impossible.
I think that if they were to launch Apple Pay Cash in Sweden, it'd have a VERY hard time competing with Swish which the Swedish people have already taken to heart - if not impossible.
Strange the Netherlands is the leader when it comes to making contactless payments (NFC) then paying in cash, as is more done in Germany, and there is still no Apple Pay and Apple Pay Cash. Very strange and do not understand the reason.
Infrastructure is there and is used carefully, see many people with an Android device that do this.
Infrastructure is there and is used carefully, see many people with an Android device that do this.
I think Apple's implementation will be much simpler and easier to use maybe? I have PAYM on my account but I haven't got the inclination to find out how to use it or an actual need thus far. I agree that the banks should advertise it a bit more and produce more adverts showing it being used.
Yeah, it's really a joke!!
But let Apple come with Apple Pay Cash. Maybe we don't need the banks at all to use Apple Pay.
The whole country is ready for it. Even the toilets at a petrol station are suitable for contactless payments. Whole Netherlands is NFC ready!
That is a very good point and is one of the reasons I've never used PAYM. I mainly use PayPal for such dealings although that also has it's own issues. I think the beauty of Apple Pay Cash is that it is very much like giving someone physical paper money in the sense that you can't then dispute it and take it back without the other person having a say, which is the biggest problem with PayPal. If there is a dispute PayPal immediatley side with the person who made the payment which has lead to many unscrupulous people making false claims and getting refunds that they are not entitled to.So why would I want to give my mobile number to total strangers when selling at a car boot sale, or anywhere else. That is the biggest flaw with that system. Tying it to personally identifiable information is daft. Whoever approved that or thought it was a good idea should be sacked
It wasn't in Europe last time I looked.
So when you receive money from someone this way it goes to a separate account, not your bank account, and withdrawing it is manual, and slow? That's not a very Apple-like experience.
What if you use the Apple Pay Cash Card to buy something that costs more than you have on it - can you set it to automatically take money from your bank account? If so then you can just switch from using your bank's card to using that card and you've got a seamless service, but if not then it's a bit pants.
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What if you use the Apple Pay Cash Card to buy something that costs more than you have on it - can you set it to automatically take money from your bank account? If so then you can just switch from using your bank's card to using that card and you've got a seamless service, but if not then it's a bit pants.
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But ironically looks like having a better trade deal with the EU than the UK will after Brexit :'DIt wasn't in Europe last time I looked.
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AFAIK in Austria, PSA is negotiating with Apple in the name of all the banks. Also, in an interview from last week the CEO of Erste Bank said “I can see it [Apple Pay]” and also said he wasn’t allowed to say more yet with a wink. So it does look like something is coming, considering derSTANDARD wrote about an upcoming release some weeks ago.
So why would I want to give my mobile number to total strangers when selling at a car boot sale, or anywhere else. That is the biggest flaw with that system. Tying it to personally identifiable information is daft. Whoever approved that or thought it was a good idea should be sacked
For you to use any P2P system, you need to give personal information, whether it's your phone number, your Apple ID or email address. The only way to give totally anonymously is via cash - and I suspect you already use that.
If you are that worried, buy a PAYG phone and use that number instead.
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Is there a limit on how much an Apple Pay Cash card can hold and is there a limit on how long the money can be held in the card? If it’s a pretty high number without a time limit, it could be effectively used as a replacement for a chequing account.
I’d probably still want to have a bank investments account but chequing accounts for daily spending cash might become a thing of the past.
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There is already a peer-to-peer phone payment system in Sweden with near 100% penetration, on both Android and iOS devices. No way this will fly. The Apple Pay Cash UI looks better (of course with much better iOS integration) but they are a few years too late.
Same goes for Norway and Denmark, where there are similar systems in place.
Denmark to: https://support.apple.com/da-dk/HT207875
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There are also page for Denmark: https://support.apple.com/da-dk/HT207875
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There are also page for Denmark: https://support.apple.com/da-dk/HT207875