Apple Pay is marking its 10th anniversary. Over the past decade, Apple Pay has transformed the way we make purchases, offering a secure, private, and user-friendly alternative to traditional payment methods.
With hundreds of millions of users across 78 markets and support from over 11,000 banks and network partners, Apple Pay has become a global phenomenon. Its success is built on a foundation of trust, with users consistently praising its ease of use, privacy features, and robust security measures.
“We understand the importance of security and privacy for our customers,” says Jennifer Bailey, Apple’s Vice President of Apple Pay and Apple Wallet. “That’s why we’ve designed Apple Pay to safeguard sensitive information and provide users with peace of mind knowing their transactions are protected.”
To celebrate this milestone, Apple is introducing a range of new features and expanding payment options for Apple Pay users.
Expanded Installment Options
iOS 18 brings enhanced installment loan options to Apple Pay. Users in the U.S. can now access Affirm financing, while those in the U.K. can utilize Monzo Flex. Klarna’s flexible payment options are also available for online and in-app purchases in both countries.
In the near future, Apple Pay users in various countries, including the U.S., Australia, Singapore, Spain, and the U.K., will be able to access installment payment options from participating banks and financial institutions directly within the Apple Pay interface.
Rewards Redemption
Apple Pay users in the U.S. can now redeem rewards with eligible Discover credit cards when making online and in-app purchases with their iPhones and iPads. This feature will soon expand to include other financial institutions such as Synchrony, Fiserv, and FIS in the U.S., and DBS in Singapore.
These new additions further enhance the versatility and convenience of Apple Pay, solidifying its position as a leader in the digital payment landscape. As Apple Pay enters its second decade, it continues to evolve and adapt to the changing needs of consumers, offering a secure and seamless payment experience for users worldwide.
