Apple Pay Expands in Canada After Deal With Big Banks

Canada’s big banks have at last struck a deal with Apple Inc. that will give their customers access to the Cupertino-based company’s payment app for the iPhone, marking a potential shift in how consumers pay and striking a new relationship between financial institutions and the technology behemoth. Royal Bank of Canada and Canadian Imperial Bank of Commerce will introduce Apple Pay to their customers on Tuesday, allowing them to store their credit cards and debit cards on their smartphones and make purchases valued at $100 or less. ATB Financial and Canadian Tire Financial Services are also offering the service, though initially only for credit cards.

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