17 November 2023

Apple Pay launches UK open banking integration for Wallet

Written By FinTech Alliance

Apple Pay launches UK open banking integration for Wallet

Apple Pay users across the UK can now take advantage of a new feature that taps into the open banking framework to let them connect cards and view their account balance from within the Wallet app.

In brief:

-Soft launched in September, the feature is now live for all Brits, letting them see their up-to-date debit card balance in Wallet and when they’re checking out with Apple Pay online or in-apps.

-Users are also able to view their debit card account details, as well as debit and credit card spending history, payments, deposits, and withdrawals, conveniently in one place in Wallet.

-Barclays, Barclaycard, First Direct, Halifax, HSBC, Lloyds, M&S Bank, Monzo, NatWest, and Royal Bank of Scotland are among the supported banks.

What does this mean?

Jennifer Bailey, VP, Apple Pay and Apple Wallet, says: "By enabling users to conveniently access their most useful account information within Wallet and at the time of their purchase, they can make informed financial decisions and better understand and manage their spend.

Read more here.

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