Apple Pay now available to more Singaporeans as M1, MasterCard jump on the bandwagon

The city-state ranks among the top 3 in mobile wallet adoption.

More residents can now use the popular mobile service as both telco giant M1 and MasterCard unveiled Apple Pay capabilities for Singapore.

According to a press release by M1, subscribers can now purchase at the M1 shop using Apple Pay, allowing for both convenience and security.

Meanwhile, MasterCard said it is working with DBS, OCBC, POSB, Standard Chartered and UOB, to enable their customers to use their MasterCard credit or debit cards with Apple Pay.

MasterCard added that one in four Singaporeans are likely to use a digital wallet presently, compared to just one in 20 just three years ago.

“The biggest change we’ve seen in the payments space recently is the transformation of every electronic device into a shopping device, from mobile phones to watches. The readiness of Singapore’s consumers to embrace mobile payments, coupled with the rapid uptake of mobile payments is quickly changing the dynamics of shopping and transacting online,” said Deborah Heng, group head and general manager of MasterCard Singapore.