German bank holding out on Apple Pay adding support later in 2019

 

German savings bank Volksbanken Raiffeisenbanken will roll out support for Apple Pay later this year, with support for EC cards to follow afterward.

Apple Pay expands to major German bank branch

Volksbanken Raiffeisenbanken, a branch of German savings banks and cooperative banks, will support Apple Pay in 2019. While there is no specific date mentioned, the service should start “later this year,” said Jennifer Bailey, Apple’s vice president of internet services. Other German banks have already begun to adopt Apple Pay.

“The ink is dry,” the Federal Association of German Banks wrote on Twitter, “The Volksbanken Raiffeisenbanken will offer their customers Apple Pay later this year.”

According to an article at Heise Online, the EC card, or Euro-Cheque card, will not be supported at launch. Girocard, the producers and managers of EC cards, will need to do some work on their end before integration can happen.

The German savings bank association had originally held out on adopting Apple Pay, and instead demanded access to Apple’s NFC technology to allow third-party apps to create their own payment systems.

This article was originally posted here