Apple Pay Comes To Canada's Big Five Banks

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TORONTO — Customers with all five of Canada's big banks are now able to use Apple Pay.

The mobile payment service works with certain models of the Apple iPhone 6, iPad tablets and Apple Watch.

The Apple tap-and-pay system was first launched south of the border in 2014 and introduced in Canada last November, but without support from the big banks until last month.

Royal Bank (TSX:RY) and CIBC (TSX:CM) began offering the system for their Visa, MasterCard and Interac card clients on May 10.

Scotiabank (TSX:BNS), TD Bank (TSX:TD) and Bank of Montreal (TSX:BMO) launched their Apple Pay systems for credit and debit cards Wednesday.