Apple Pay South Africa

[krycor]

Here is a great article explaining the complexities behind Apple Pay and how it works.

How Apple Pay works under the hood?

What happens behind the scenes when you add your credit card to Apple Pay, and when you pay using Apple Pay through your iPhone…

codeburst.io

Cool.. TSP(Token Service Provider) I’ve not seen that before so this will likely be a new SA entity that needs to be set up or international setting up local presence.

Actually I see MasterCard & Visa has done exactly that though.. so I guess banks would use that. Interesting.. I wonder if PASA would standardize card tokens across the payment network as this article suggests possible.

Honestly it’s not complicated.. just some workflows to work and integrate into payment system (plus usual encryption stuff) and likely an off shelf plugin product to purchase or diy choice for issuer banks.

I disagree with the whole tech is the hold up thing.. it’s cost. Apple doesn’t exactly do so for free and I guess for someone like FNB who have FNB Pay(sorry Apple people incl me) they likely just waiting till another offer it and it draws people. Otherwise why encourage their customers to use channels that cost them % on a all you can eat package etc where existing methods are more profitable.

The Aussie bank story was exactly that.. similar with other regions. Cost of transaction originated from iPhone vs existing methods which only resolved when costs were negotiated to be more inline with their expectation the. Just what Apple wanted.

 

[Se@n]

Nothing in the earnings call transcript on new geographies for Apple Pay.
Settle in. This is going to be a long wait.

 

[baharini]

I'm feeling more bullish on it not being that far out. From the posts in this thread, we see ZA banks have a working implementation and are in beta testing, marketing materials have been created, banking app support has been released (but hidden)—it sounds like things are pretty much ready, and I don't see evidence that justifies a conclusion that it's a long way away.

(Or maybe it's the optimist in me speaking )

Edit: Apple's NDAs that banks are required to sign for Apple Pay functionality are insanely tight. In the UK, Monzo users were extremely frustrated at Monzo's inability to support Apple Pay, nor for their staff to even officially acknowledge that they were working on it, but one day they suddently made it available. ZA banks don't seem to be as tight lipped with all the slip-ups their customer service staff have made, but some day they'll ship it.

This was the only hint that Monzo gave about Apple Pay:

https://twitter.com/i/web/status/955747225379987456

 

[Bobby01]

I'm feeling more bullish on it not being that far out. From the posts in this thread, we see ZA banks have a working implementation and are in beta testing, marketing materials have been created, banking app support has been released (but hidden)—it sounds like things are pretty much ready, and I don't see evidence that justifies a conclusion that it's a long way away.

(Or maybe it's the optimist in me speaking )

My thoughts exactly. The Banks probably got a go live date that’s soon then they all rushed to do the marketing material. Look at the short span that all the info was released. Nedbank and Discovery site updated to say Apple Pay support, ABSA self help videos on YouTube already etc were all released within a week of each other. If it was a much later date, they wouldn’t have all rushed so quickly. Even the Nedbanks app had a feature saying it supports Apple Pay.

 

[IamMe]

I'm feeling more bullish on it not being that far out. From the posts in this thread, we see ZA banks have a working implementation and are in beta testing, marketing materials have been created, banking app support has been released (but hidden)—it sounds like things are pretty much ready, and I don't see evidence that justifies a conclusion that it's a long way away.

(Or maybe it's the optimist in me speaking )

Edit: Apple's NDAs that banks are required to sign for Apple Pay functionality are insanely tight. In the UK, Monzo users were extremely frustrated at Monzo's inability to support Apple Pay, nor for their staff to even acknowledge that they were working on it, but one day they suddently made it available. ZA banks don't seem to be as tight lipped with all the slip-ups their customer service staff have made, but some day they'll ship it.

Needed the boost in confidence! Thanks

 

[Se@n]

I'm feeling more bullish on it not being that far out. From the posts in this thread, we see ZA banks have a working implementation and are in beta testing, marketing materials have been created, banking app support has been released (but hidden)—it sounds like things are pretty much ready, and I don't see evidence that justifies a conclusion that it's a long way away.

(Or maybe it's the optimist in me speaking )

Edit: Apple's NDAs that banks are required to sign for Apple Pay functionality are insanely tight. In the UK, Monzo users were extremely frustrated at Monzo's inability to support Apple Pay, nor for their staff to even officially acknowledge that they were working on it, but one day they suddently made it available. ZA banks don't seem to be as tight lipped with all the slip-ups their customer service staff have made, but some day they'll ship it.

This was the only hint that Monzo gave about Apple Pay:

https://twitter.com/i/web/status/955747225379987456

Thanks for this. Keeping the hope alive.

 

[jezzad]

Have reached out to a couple people close to Nedbank. Apple Pay is definitely being discussed internally. Nothing official and no creative briefs out to marketing agencies to start creating collateral yet.

Banks would definitely see this as a competitive advantage so would be screaming about it....

In my mind we are probably a couple months off launching given the above.

 

[3Gee]

Spoke to friends in the banking community, banks are ready

Apple needs to flip the switch.

 

[Se@n]

Spoke to friends in the banking community, banks are ready

Apple needs to flip the switch.

Light at the end of the tunnel.

 

[ECHLN]

Spoke to friends in the banking community, banks are ready

Apple needs to flip the switch.

Yep. Just like I said earlier.

 

[Louis72]

My thoughts exactly. The Banks probably got a go live date that’s soon then they all rushed to do the marketing material. Look at the short span that all the info was released. Nedbank and Discovery site updated to say Apple Pay support, ABSA self help videos on YouTube already etc were all released within a week of each other. If it was a much later date, they wouldn’t have all rushed so quickly. Even the Nedbanks app had a feature saying it supports Apple Pay.

We have something! I see Absa Banking App now shows Wallet Support with the newest update release yesterday. This follows Absa self help videos quickly seen on YouTube in December be made hidden.
So far it was only Nedbank that had this similar tag on the App store.

 

[Se@n]

We have something! I see Absa Banking App now shows Wallet Support with the newest update release yesterday. This follows Absa self help videos quickly seen on YouTube in December be made hidden.
So far it was only Nedbank that had this similar tag on the App store.
View attachment 1002718

Nice. Is there any reference once logged in or did they hide things a bit better than nedbank?

 

[ECHLN]

We have something! I see Absa Banking App now shows Wallet Support with the newest update release yesterday. This follows Absa self help videos quickly seen on YouTube in December be made hidden.
So far it was only Nedbank that had this similar tag on the App store.
View attachment 1002718

Discovery Bank had it a while back as well.

 

[phoneJunky]

Nice. Is there any reference once logged in or did they hide things a bit better than nedbank?

There is nothing that I could see in the app. Also the wallet is also not showing anything

 

[ECHLN]

There is nothing that I could see in the app. Also the wallet is also not showing anything

You won’t see anything until Apple Pay releases

 

[phoneJunky]

You won’t see anything until Apple Pay releases

I know yes, was just confirming.

It does feel like it is imminent now

 

[punish3r6699]

I have a feeling you will be able to buy Valentines gifts with Apple Pay

 

[Se@n]

I have a feeling you will be able to buy Valentines gifts with Apple Pay

Does that feeling stem from any inside knowledge at all

 

[punish3r6699]

Does that feeling stem from any inside knowledge at all

Just wild speculation

 

[3Gee]

Let's give it till 1 Feb 202x