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Apple Pay Cash coming to Europe

4 septembrie 2017

Good news for European Apple fans: the company filed trademark application for Pay Cash in Europe.

Apple Pay already exists for several years in the United States and starts to find its way in Europe. With the introduction of iOS 11 Apple has enhanced its mobile payment solution with Apple Pay Cash (only in the US). A person-to-person payment service in iMessage, to send or receive money from friends or family.

On August 31, 2017, Apple has filed a trademark application at the European Intellectual Property Office for Apple Pay Cash. The application is still under examination, but reveals Apple is planning to bring its advanced mobile payment service to Europe. The English company Locke Lord LLP, who also filed applications for Apple in the past, has applied for the name Apple Pay Cash.

Apple Pay Cash
The application is classified as: „Computer software used to process mobile payments; computer software for use in contactless transactions with retailers, merchants, and vendors via mobile devices used to process mobile payments”

We have found this trademark application in close collaboration with MobielKopen, you can find the document of the EUipo here.

The Apple Pay application is already available in the UK, Ireland, France, Spain Italy, and Switzerland. The new trademark application suggests Apple Pay Cash will soon be available in Europe as well and will most likely begin its roll out in the above mentioned countries.

What can you do with Apple’s mobile payment system?
iOS 11 brings the convenience of Apple Pay to Messages. Users can use Apple Pay with their credit or debit card to send money instantly and securely, right in Messages. You can request and receive money just as easily.

When you get paid, your money is securely kept in Apple Pay Cash and instantly available for you to send to someone or spend with Apple Pay in stores, in apps, and on the web, or transfer to your bank account.

Release date of the Apple iPhone
Apple will most likely schedule a press event on September 12th, the American tech company will properly introduce the iPhone 7s and iPhone 7s Plus.

In addition a third iPhone model is expected, the iPhone 8 will be Apple’s first OLED iPhone. Hopefully Apple will release its Pay Cash service for Europe at the same time.

Apple Pay Cash trademark application

Source: www.letsgodigital.org

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Anders Olofsson – former Head of Payments Finastra

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So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

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In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?