Apple Inc. Job Listing Hints At International Rollout Of Apple Pay

iphone 8 apple stockElisaRiva / Pixabay

Apple Inc. apparently has plans to launch Apple Pay in Europe, the Middle East, India and Africa, and this has become evident from a job listing on the company’s website for an “Apple Pay Intern.” This listing was first spotted by iClarified.

Apple plans expansion

“Apple Pay is a new and exciting area in Apple that is set to expand across Europe, Middle East, India and Africa,” read the job posting.

The advertisement put up by the company describes the job as “specifically to support execution of multiple NDAs and contracts with third party partners.” From this, it appears that a core Apple Pay team has already been set up for EMEIA operations, and now the company needs help with more routine legal aspects of the venture. The person selected for the job will be working with Apple Pay partners, both internal and external. The listing states these partners will include issuing banks, international payment networks and European merchants.

It is not clear for now how much time it will take for the payment service to be released in other countries, but it is possible the service will be rolled out in Europe by 2015, as said by Visa Inc (NYSE:V) previously. It is rumored that for providing a payments solution in China, Apple and Alibaba Group Holding Ltd (NYSE:BABA) are in talks about a partnership.

Apple Pay hugely popular

Apple Pay was launched in the U.S. in October last year, but no official numbers have been released by the company since then regarding its performance. The payments service is off to a good start though, as suggested by circumstantial evidence. Both consumer interest and touch-less transactions at participating retailers have seen a significant increase, according to participating retailers like Whole Foods, McDonalds and Walgreens.

Within the first 72 hours of the service going live, the number of registered credit and debit cards with Apple Pay support crossed the one million mark, according to Apple CEO Tim Cook. This number is higher than the total number of cards registered with all competing solutions combined, including Google Wallet.

Apple Pay is limited to U.S. credit cards at present, but expanding the program in other countries won’t be difficult for the company, as the service already works at NFC-supported point-of-sale systems in other countries and only requires banks to sign on.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Aman Jain
Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at [email protected]

Be the first to comment on "Apple Inc. Job Listing Hints At International Rollout Of Apple Pay"

Leave a comment