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Monese adds Apple Pay support

Source: Monese

Monese, the globally-connected banking service for mobile people, today brings its customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.

Monese is the first banking service to enable Apple Pay across 7 UK and Eurozone countries, with the largest coverage in Europe. Apple customers living in UK, France, Germany, Finland, Ireland, Italy, and Spain will be able to use their Monese cards via Apple Pay, wherever Apple Pay is accepted globally. Customers can switch between their Monese cards, within their Apple Wallet, as easily as they would do within the Monese app.

Monese’s globally mobile customers have a strong appetite for digital payments and wallets. Over 80% of Monese users with Apple Pay supported devices believe Apple Pay to be essential. 75% of Monese’s incoming funds are salary payments and the average Monese customer in the UK makes 30 card payments a month (including in-store, contactless and online shopping).

Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.
Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch.

Online shopping in apps and on websites accepting Apple Pay is simple with Touch ID, or just double-click the side button and authenticate with a glance with Face ID. There’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information with Apple Pay. When paying for goods and services in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad (5th Generation and later), iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro.

Norris Koppel, CEO and Founder at Monese, says: “We are delighted to be offering one of the most easy and secure methods of payment to our customers in Apple Pay countries. Many of our customers travel the world for study, work, family, or retirement. We know that these customers rely heavily on digital payments, including contactless payments. We also know from speaking to our iOS customers that there is a very strong appetite for Apple Pay and for most it’s an essential.” 

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