Sberbank to launch Apple Pay system on Oct. 4 - source

Sberbank launches Apple Pay on Oct. 4 on an exclusive basis.

Sberbank launches Apple Pay on Oct. 4 on an exclusive basis.

Reuters
The payment system allows purchases using NFC technology on smartphones

Sberbank is going to launch Apple Pay payment system on Oct. 4, a source close to the negotiations told TASS on Sept. 30.

"Sberbank launches Apple Pay on Oct. 4 on an exclusive basis," the source said.

Apple Pay system was introduced by Apple Inc. in September 2014. The payment system allows purchases using NFC (Near Field Communication) technology on smartphones, which can be used for payment in actual stores by holding an iPhone near the reader or within apps.

In the fall 2015, Apple’s South Korean competitor - Samsung - also announced the launch of its own NFC payment system called Samsung Pay.

Source: TASS

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