This should come in handy.
Apple has signed an agreement bringing Apple Pay to Isracard, one of Israel’s leading credit card companies by the end of the year.
The agreement allows Apple for four years to use Isracard’s services via Apple’s digital payment method.
Apple has been in negotiations with financial institutions in the Middle East to bring Apple Pay to Israel since February. Apple routinely takes commission from national banking institutions in return for access to Apple Pay, and it appears that Isracard is the first credit card company in the country to formulate an agreement with Apple.
A number of Israeli businesses have already adopted the Europay, MasterCard, and Visa (EMV) standard for mobile devices. These allow customer account credentials to be loaded directly onto NFC-enabled smartphones and used in contactless transactions.
Unlike Android’s devices, Apple’s unit only allow access to the NFC chip through the company’s own Wallet app, which means financial bodies must sign an Apple Pay agreement that allows the card to be registered in the Wallet.
Apple Pay has also been contracted for the greenest of isles and is now available through the Bank of Ireland.
Stay tuned for additional details as they become available.