Apple Pay relies on BPCE and Carrefour to launch in France
Paying with your smartphone will be possible this summer with BPCE and crossroads. The banking group and the French retail group have finalized their negotiations with Apple to distribute the California firm’s mobile payment solution. After the United States in 2014 and the United Kingdom last year, the service Apple Pay will land in France in a few weeks.
Apple’s mobile payment solution will work the same as a contactless bank card. Thus, BPCE group customers in possession of a Visa card and an iPhone 6 (or an Apple Watch) will be able to make their purchases in all stores equipped with an NFC (Near Field Communication) payment terminal. The BPCE group will offer Apple Play to customers of its two banking networks, the Banques Populaires and the Caisses d’Épargne, from July. For its part, Carrefour will offer this possibility to holders of a MasterCard card. The large distribution group said the service would be available this summer in France in all stores under its banner, without specifying the launch date.
Payment via fingerprint
To pay, all they need to do is bring their smartphone to the contactless reader and place their finger on Touch ID. The button will ensure the recognition of the fingerprint using the biometric sensor of the iPhone. If you choose to pay via Apple Watch, you will need to press the side button twice before placing the watch screen near the payment terminal.
In order to guarantee the security of transactions, banking information will never be stored on the device or on Apple’s servers. At the time of purchase, a unique device-specific account number will be created and then encrypted and stored in a secure chip within the smartphone. The payment will then be validated by means of a unique security code specific to each transaction, according to the information communicated by the Cupertino company.
Crédit Mutuel and Orange also in the fight
The BPCE group and Carrefour are not the first to position themselves on the mobile payment market. In 2014, the start-up Fivory launched an electronic wallet, which combined mobile payment and a loyalty program, in partnership with Crédit Mutuel. Last year, Orange also launched into this sector by deploying the Orange Cash application with Visa.
More recently, Carrefour had already expressed its wish to invest in mobile payment. A few weeks ago, the large distribution group announced that it was working on the development of a mobile application with BNP Paribas to allow its customers to pay for their purchases directly from their smartphone, regardless of their bank.