Apple Pay takes a Commission from banks for every purchase through its service. This is reported by “Vedomosti” referring to sources in banks. According to one of them, the credit card Commission is 0.12% of the purchase amount, in addition, the Bank has to pay 45 rubles. per year for each card connected to the service.
Apple Pay launched its service in Russia on 4 October, you can pay with the iPhone 6 and later, and iPad Pro and Apple Watch. The service is available only for holders of cards of the savings Bank Mastercard – for payment you need to link a Bank card to the Apple device. With Visa and other Russian banks, Apple Pay will work later.
Apple Pay competitor – Samsung Pay a Commission does not charge banks, say the bankers. “Samsung Pay does not charge any fees neither from users nor c business or with partners,” confirmed her REP. Now Samsung Pay works with Mastercard, Alfa-Bank, “VTB 24”, MTS-Bank, Raiffeisenbank, “Russian standard” and “Yandex.Money.” Companies have different strategy, says the employee of one of banks: for Samsung payment service – it’s more a way to promote their brand, Apple is planning to earn some money.
In the early days the average bill when you pay with Samsung Pay was $ 530 rubles, now it is 1001 rubles, said the representative of “Russian standard”. While it’s small purchases in the segment of “restaurants” (fast food sector) – business Lunches, Breakfast, buy coffee and a purchase at supermarkets and pharmacies, he adds.
The Commission, though, and will affect the Bank’s income is quite small. For example, the Commission, which take the banks for servicing of transactions on the cards with retail outlets, an average of 1-2% of the purchase amount. The penetration of devices that support the services Apple Pay and Samsung Pay in Russia is quite low and while for banks, it is not costly, says the source, “Vedomosti”. Another banker calls Apple Pay a small Commission, but unpleasant.
Bankers say that the new service does not earn, and implementing it for the image and development payments. The savings Bank and so develops contactless payments with the help of gadgets, biometrics, bracelets with a payment application, etc., the words of the representative of the savings Bank. “We do this realizing that we are a major player and systemically important Bank in the market of payment services, we have to have this service”, – said a top Manager of a major Bank. According to him, the payment system does not charge an additional fee for conducting transactions using Apple Pay and Samsung Pay.
