US-based company Western Union has announced that it will upgrade its mobile app to allow users to send money using Apple Pay, with the feature to be rolled out in the UK later this year. Using the iPhone’s Touch ID fingerprint sensor to authorise payments, Western Union’s app users will be able to make Apple Pay-funded transfers directly from a smartphone to send money internationally or domestically and pay bills domestically. With RFi Group’s UK Payment and Innovation Council data showing that UK consumers are already moving toward mobile options for peer-to-peer payments, where 40% use mobile banking and 13% use a mobile wallet, Western Union’s new offering is likely to help speed up this trend.
Khalid Fellahi, Senior Vice President and General Manager of Western Union Digital, said: “Today, 60% of all Western Union digital money transfer transactions globally are initiated via a mobile device. By bringing Apple Pay as a payment method in the U.S. and later to the U.K., Western Union is delivering an exceptional experience across our mobile platform, allowing our customers to conveniently and reliably move money whenever they please.”
Western Union’s decision to include Apple Pay may have been driven by increased competition from other mobile P2P services such as Venmo and Facebook Messenger payments.
Source: RFi Group UK Payments & Innovation Council H2 2016