What you need to know
- UBS Switzerland is getting Apple Pay support.
- The country's largest bank announced the news on Twitter today.
- Support is said to be on its way in the coming weeks.
Switzerland's largest bank has today announced that Apple Pay support is "coming soon".
As reported by MacPrime:
Wir freuen uns, Apple Pay bald in unser beständig wachsendes Angebot an mobilen Zahlungslösungen aufzunehmen. pic.twitter.com/1Q7467MD10Wir freuen uns, Apple Pay bald in unser beständig wachsendes Angebot an mobilen Zahlungslösungen aufzunehmen. pic.twitter.com/1Q7467MD10— UBS Schweiz (@UBSschweiz) April 24, 2020April 24, 2020
The tweet, translated, reads:
The bank already supports its own UBS mobile payment solution, but not Google Pay. A large number of banks in Sweden already support Apple Pay, UBS up until now was a notable exception.
Mac Prime notes that Swiss banks have boycotted Apple Pay for several years. Despite being the seventh country in the world to receive Apple Pay, banks resisted at first, with several choosing to offer their own payment systems instead. Several banks invested heavily in a system called 'Twint', developing and advertising the platform whilst they "vehemently boycotted foreign payment solutions".
Opposition to Apple Pay and competitor services was so stark that in 2018 Swiss Banks were raided by an anti-trust watchdog in the country over allegations they had deliberately refused to release their cards for use with Apple Pay and Samsung Pay to improve the prospects of Twint. UBS' own website claims that its banking network serves 80% of Swiss wealth and one in three households, 120,000 companies and "around 80% of the banks domiciled in Switzerland."
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9