In reply to lochias.

MasterCard and Visa are also pushing their own digital wallet apps, "MasterPass" and "Visa Checkout", that will load on any smartphone, and the issuing banks don't have to pay Apple ~0.15% fee on the transaction value; the fact is, Apple Pay is still an intermediary, like the clunky “PreyPal”, riding on the back of the credit cards. Apple Pay needs the banks, the banks don't need Apple Pay. Apple is utilizing a technology (NFC) introduced by the banks some years ago and which Apple—like the idiot running eBay, Johnny Ho—has in the past derided! Indeed, apart from giving Apple fanboys more opportunity to wave their iPhones about, has Apple Pay made any difference, ie, increased the number of transactions being done in "payments" by the banks? I doubt it. And, it’s still up to the individual card issuing banks to accept to Apple’s terms ...