Raphaels Bank Payment Services, a niche payments bank, has added Apple Pay support for its Cash Passport multi-currency card customers.
Enabled by MasterCard Prepaid Management Services, the Cash Passport multi-currency card will be the first facility to transact in up to 10 currencies using Apple Pay.
Raphaels Bank said that addition of Apple Pay is a significant development to give prepaid card programmes a valuable differentiator in the consumer marketplace.
Raphaels Bank Payment Services head Janet Johnston said: “The cashless society is set to accelerate over the next few years in line with the rapid growth in contactless payment transactions at point of sale and Apple Pay is playing a crucial role in this space.
“Whether via card or mobile, we see it as vital to be at the forefront of the digital payment revolution and are excited to be making it possible for prepaid card programmes to use Apple Pay for multiple currencies.”
MasterCard president of prepaid management services Graham Perry said: “The addition of Apple Pay to our Cash Passport product marks a step change in digital convergence for our customers.
“They continue to benefit from the security and simplicity of our multi-currency account, combined with the flexibility and convenience of Apple Pay. We are excited to give our cardholders even more ways to use the product especially with the continued growth in online, cross-border transactions.”