Apple in talks to launch Apple Pay in Canada: WSJ




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(Reuters) – Apple Inc (AAPL.O) is to its electronic payments service Canada November, the first international expansion Apple Pay, the Wall Street Journal reported, citing people familiar with the matter.

The iPhone maker is talks with Canada’s six biggest banks, Royal Bank Canada (RY.TO), Toronto-Dominion Bank (TD.TO), Bank Nova Scotia (BNS.TO), Bank of Montreal (BMO.TO), Canadian Imperial Bank of Commerce (CM.TO) and National Bank of Canada (NA.TO), the people told the Journal. (on.wsj.com/1CTTL1w)

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The banks are to an agreement, but are happy with Apple’s fee proposals and are worried about vulnerabilities like the ones that U.S. banks experienced, the Journal said, citing the people.

It still unclear if all six Canadian banks would Apple Pay at the same , the Journal said.

Apple launched the service, a payment app that allows to buy things by holding iPhone6 and 6 Plus devices up to a reader, the United October.