10/4/2016, 12:25 PM (Source: TeleTrader)
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Apple Pay launched in Russia by Sberbank

Sberbank of Russia issued a press release on Tuesday stating that its clients can use Apple Pay. The contactless payment system created by Apple Inc. is now available in 10 countries.

The service uses a secure payment platform created by MasterCard Inc. Sberbank's customers who use services of the credit card giant can set up Apple Pay through the Russian bank's online application. Even though users need to enter the card number, Apple does not store it, but instead creates a unique ID for the device and transfers it to the Secure Element chip after encryption.


Breaking the News / RV