Apple Pay to get 0.15% transaction fee

News in brief

News in brief

The kickback from card issuers negotiated by Apple for purchases made via its new Apple Pay mobile payments service amounts to 0.15% of the value of each transaction, the Financial Times reports. The “unprecedented deal” will give Apple “a share of the payments’ economics that rivals such as Google do not get for their services,” the article points out.

Filed by Email Sarah Clark nfcworld.com Published 16 September 2014, 13:29 • Last updated 16 September 2014, 13:29