Apple Pay, Google Wallet coming to South Africa – the banks will decide

How can Apple and Android Pay have implemented the EMV standards? There are no chip in play, and the authentication is not around PIN at all.

Apple and Android are about tokenization. Apple and Google will tokenize your card, the token needs to be translated at some stage to the normal card number to process against the bank's issuing system. I really don't see the similarities.

It's also up to the banks to accept a level of authentication that won't be in control by them, ie. not PIN, but some biometric or password? Not likely at all.
 
This isn't news, it's been apparent since these products launched.
 
I got Apple Pay set up on my phone, but haven't been able to find out anywhere that I can use it. Is there a list of merchants with NFC terminals somewhere? Engen has a Tap & Go promotion going on, but the 3 I've been to still use old FNB paypoints...
Most of the banks now issue NFC capable cards, and have been for the past couple of years now, so I assume there should be some terminals somewhere.
FYI I'm in Joburg
 
I wonder what 0.xx % the banks would have to give up to let transactions go thru Apple.. yah Apple doesn't exactly do this for free you know. While retailers who own large chains can opt in on their own, most terminals are bank rental so Banks in Sa are the gate keepers.
 
I wonder what 0.xx % the banks would have to give up to let transactions go thru Apple.. yah Apple doesn't exactly do this for free you know. While retailers who own large chains can opt in on their own, most terminals are bank rental so Banks in Sa are the gate keepers.

All merchants must have a merchant agreement with an acquiring bank (unless super-merchanting is the case, and which is still tiny) regardless of which payment service provider processes their transaction, so yeh... i really don't see this happening anytime soon.
 
Meh :-( guess it will only happen if as a marketing strategy
 
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