Germany-based challenger bank N26 announced on Monday that Apple Pay is now available for its customers in the UK. According to N26, the mobile payment system integrated directly with N26 current accounts, which means customers may quickly add their Mastercard to Apple Pay directly in the N26 mobile app.
“Apple Pay is exciting because of its almost endless possibilities. You can make payments in stores, secure payments online and pay in apps. It uses the NFC technology in your Apple device for easy, contactless payments. You can quickly check out using the devices you carry every day. Apple Pay is also the safer and faster way to pay online and in apps because you no longer have to create an account or fill out lengthy forms.”
N26 went on to add that since Apple Pay doesn’t store credit card information on any mobile device or shares it when customers pay, it is considered more secure than normal credit card payments.
The launch of Apple Pay to N26 customers in the UK comes just days after N26 announced the launch of its new subscription-based current account, Black. As previously reported, N26 Black removes the uncertainty of exchange rates and transaction costs encountered through foreign travel.
For a monthly subscription of £4.90, Black customers benefit from no markup fees on foreign transactions and Mastercard’s best exchange rate, enabling them to spend at home and abroad, without limitations. Alexander Weber, Head of International Markets, stated:
“The majority of UK customers are being hit by high transaction fees every time they use their card overseas. At N26, we don’t believe that spending abroad should be any different from spending at home. N26 is simplifying the daily financial decisions that customers face and N26 Black is the perfect fit for UK travellers.”