Apple Pay: Targobank new on board

With Targobank, all major banks in Germany now support Apple’s mobile payment service. Postbank and Santander are not included yet.

 Apple Pay: Targobank now on board

Targobank now enables its customers to pay with Apple Pay : As of Tuesday, bank-issued Visa credit cards can be added to Apple’s wallet on iPhones and Apple Watches and used for contactless payments in stores and elsewhere, as well as for online shopping. This also makes Apple Pay payments on iPads and Macs an option for Targobank customers.

Apple Pay with Visa credit card at Targobank

Targobank supports Apple Pay for all end customers Visa credit cards offered, including the “Online Classic Card”, for which there is no annual fee. Targobank’s Visa debit card does not appear to be able to be set up in Apple Pay at the moment.

Three and a half years after its (late) launch in Germany, Apple’s payment service is now being integrated by almost 80 banks and financial services providers. Of the larger banks, only Postbank and Santander are now missing. Apple itself does not publish specific information on the number of Apple Pay users in Germany. In the savings banks alone, 2.5 million customers allegedly used the Apple service last year – there, in addition to a credit card, the use of the Girocard for Apple Pay is also supported.

Pay later and more: New Apple Pay -Functions

Apple Pay can now be found widely in German retail and also with many online retailers. The service can usually be used at any NFC-enabled checkout terminal – but sometimes only with a Girocard stored in Wallet if retailers or shops do not accept credit cards.

Apple is currently massively expanding its payment service: In the USA iPhones will soon be able to be used as NFC checkout terminals, allowing smaller retailers to accept contactless payments. In addition, Apple will introduce a Pay Later function (Apple Pay Later) that spreads payments over several weeks – without additional fees. For the first time, Apple itself acts as a moneylender, but the group has not yet applied for a banking license. It remains to be seen when the Apple Pay Later service will come to Germany.

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