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HSBC misses Apple Pay UK launch HSBC misses Apple Pay UK launch
(35 minutes later)
HSBC has announced that its customers will not be able to use the new Apple Pay system as it launches in the UK.HSBC has announced that its customers will not be able to use the new Apple Pay system as it launches in the UK.
The bank had been expected to be amongst the first to offer the system, which allows some iPhone users to pay by touching their phone or watch on contact pads.The bank had been expected to be amongst the first to offer the system, which allows some iPhone users to pay by touching their phone or watch on contact pads.
Instead HSBC said it was planning to launch the service by the end of July.Instead HSBC said it was planning to launch the service by the end of July.
Barclays - which has its own payment system - said it would be offering Apple Pay "in the future".Barclays - which has its own payment system - said it would be offering Apple Pay "in the future".
Five other banks, Bank of Scotland, Halifax, Lloyds, TSB and Marks and Spencer will launch in the autumn.Five other banks, Bank of Scotland, Halifax, Lloyds, TSB and Marks and Spencer will launch in the autumn.
HSBC denied that its decision not to participate at launch was last minute, saying that it had not planned to do so. HSBC denied that its decision not to participate at launch was last minute, saying that it had not planned to take part.
However, the bank was listed on the Apple website as a participant as late as Monday.However, the bank was listed on the Apple website as a participant as late as Monday.
An HSBC spokesperson told the BBC: "We are now working hard to bring this to our customers by the end of July."An HSBC spokesperson told the BBC: "We are now working hard to bring this to our customers by the end of July."
Customers of First Direct - an HSBC subsidiary - will also have to wait.
£20 limit
The Apple Pay system enables owners of iPhone 6, iPhone 6 plus and Apple watches to pay for goods and services by touching their device on a contactless payment pad.The Apple Pay system enables owners of iPhone 6, iPhone 6 plus and Apple watches to pay for goods and services by touching their device on a contactless payment pad.
Their identity is verified through their fingerprint. Their identity is verified through their fingerprint. The system can also be used to make online purchases.
In most cases, payments are limited to £20, as with existing contactless debit cards. However this limit will be raised to £30 in September.
Some retailers have also negotiated a higher payment amount.
The following banks are offering Apple Pay from Tuesday: