Apple Pay is a mobile payment service and digital wallet from Apple Inc. that allows users to pay with their Apple device. It was first introduced in 2014 and is supported by iPhone, iPad, Mac and Apple Watch.
To use Apple Pay, users must first add their credit or debit card details in the Wallet app on their Apple device. Once added, the card can be used to pay at participating retailers, both online and in-store. To make a payment, users simply hold their device up to a contactless reader and confirm the transaction with Touch ID or Face ID.
One of the most important advantages of Apple Pay is its security. Apple Pay uses a technique called tokenisation to protect users' card data. This means that when a payment is made, a unique "token" is created that represents the card data instead of transmitting the actual card number. This helps to prevent fraud and protect users' sensitive data.
Another advantage is the convenience of the service, as it eliminates the need to carry cards or cash and is faster than paying with a card.
Apple Pay can also be used for in-app payments and also supports person-to-person payments via the iMessage app.
Apple Pay is currently only available in certain countries and is not accepted as a payment method by all retailers. However, it is accepted by many major retailers and financial institutions and its use is expected to increase in the future.
In summary, Apple Pay is a mobile payment service and digital wallet from Apple that allows users to make payments using their iPhone, iPad, Mac and Apple Watch. It is secure, fast and convenient, uses a technology called tokenisation to protect users' card details, and is available for in-store, online, in-app and person-to-person payments.
