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Apple Pay rolls out support for 15 more institutions

A worker demonstrates Apple Pay inside a mobile kiosk sponsored by Visa and Wells Fargo to demonstrate the new Apple Pay mobile payment system on October 20, 2014 in San Francisco City.
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A worker demonstrates Apple Pay inside a mobile kiosk sponsored by Visa and Wells Fargo to demonstrate the new Apple Pay mobile payment system on October 20, 2014 in San Francisco City.

Apple Pay has added another 15 banks and credit unions to its spectrum of an existing 45 institutions, bringing the count to 60 since its launch in October last year, according to 9to5mac.com. These new institutions include Alliant Credit Union, First Niagara Bank, Golden 1 Credit Union, among others.

This move comes after Apple CEO Tim Cook announced last week that the company plans to roll out Apple Pay support for about 750 banks and credit unions, 9to5mac.com reported.

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Apple Pay is an iOS 8.1 feature that allows iPhone 6 and iPhone 6 Plus users to use their mobile devices to make payments.

While users of older models—iPhone 5, 5c and 5s—may not have the same advantage, they can use Apple Pay to make purchases when paired with the Apple Watch, according to 9to5mac.com.

Cook has also mentioned that $2 out of every $3 spent using contactless payments across the three major credit card companies—Visa, MasterCard, and American Express—was made using Apple Pay, 9to5mac.com reported.

Although the service currently remains limited to customers in the United States, Apple Pay may soon fan out in Canada and the UK.

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