"We want to make life easier and faster for our customers in terms of finance and the launch of Apple Pay is a key building block. This makes digitisation a positive experience in everyday life," said Uli Coenen, Head of Division at Commerzbank, responsible for Marketing and Digital Banking in the private and small business customer segment.

Security and privacy are at the core of Apple Pay. The actual card number of credit or debit cards used are not stored on the device, nor on Apple servers.

Apple Pay is easy to set up and users will continue to receive all the rewards and benefits offered by their Master or Visa credit and debit cards.

With iPhone and Apple Watch, customers can pay with Apple Pay in shops, restaurants, taxis, vending machines and many more places. When shopping on the web in Safari with Apple Pay, there´s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. Every Apple Pay purchase is authenticated with just a glance or touch with Face ID or Touch ID, or a device´s passcode.