Apple Pay is headed to Best Buy later this year

Company Signs

Best Buy, one of the largest Apple Pay holdouts, is changing its mind. Apple CEO Tim Cook just announced during its earnings call that Best Buy stores will support Apple Pay later this year. The news comes only a few hours after we learned the service will soon be supporting Discover cards, making it compatible with the top four biggest credit card companies int he U.S. Best Buy’s reversal is especially interesting since its a member of MCX (Merchant Customer Exchange), a joint initiative between big retailers like Walmart and Target to support their own mobile payments app, dubbed CurrentC. None of the MCX members supported Apple Pay when it launched last fall (though Target’s mobile app does support it now), so Best Buy’s flip-flop might be a sign that we’ll see wider support eventually.

[Photo source: Getty Images]

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Source: Engadget - Read the full article here

Author: Daily Tech Whip

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