Apple Pay coming to Australia this year

Apple partners with American Express for rollout

Australians will be able to get their hands on Apple's digital wallet, Apple Pay, this year, the company has revealed.

The contactless payment service, which uses Near Field Communication, is compatible with a range of iOS-based devices, including the iPhone 6 and a number of iPad models, as well as the watchOS-based Apple Watch.

"We're thrilled to announce today that we are partnering with American Express to bring Apple Pay to eligible customers in key global markets so even more people can experience the easy, secure and private way to pay," Apple CEO Tim Cook said during a presentation on the company's Q4 results.

"Apple Pay will be available to eligible American Express customers in Australia and Canada this year and is expected to expand to Spain, Singapore and Hong Kong in 2016."

"With our global reach, we are able to bring Apple Pay to Card Members quickly in these important countries," Tony Prentice, vice-president, mobile products and payments, at American Express, said in a statement.

Cards issued by American Express or one of its subsidiaries will be able to be used with the service.

"We believe it is critical to be on the forefront of seamless and innovative payment solutions for our card members and we are pleased to be able to deliver on that with Apple Pay," Prentice said.

Until now Apple Pay has only been available in the US and UK. The service was rolled out in the US last year, with support for MasterCard and Visa as well as American Express. Apple Pay was rolled out in the UK earlier this year.

"Apple Pay is seeing double digit growth in transaction month after month," Cook said during his presentation.

The number of businesses that support Apple Pay is growing, Cook said, noting that coffee chain Starbucks will roll out the service to all its US stores in 2016. The service now supports merchant rewards programs, Cook said.

Apple reported revenue of US$51.5 billion and net profit of US$11.1 billion for the quarter, compared US$42.1 billion and net profit of US$8.5 billion for the prior comparable period.

Apple said the growth was driven by record Q4 iPhone sales, expanded availability of Apple Watch, records Mac sales, and service revenue.

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