Ikigai, the finance management app, includes Apple Pay in the UK

By Joy Dumasia

Ikigai, the first UK app to bring together everyday banking and wealth management, brings its customers Apple Pay. A safer, more secure and private way to pay helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash and uses the iPhone’s power to protect every transaction.

Ikigai customers hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.

Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without creating accounts or repeatedly type in shipping and billing information.

When ikigai customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device nor Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to hold the payment information safely on the device.

Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away. Customers will continue to receive all of the rewards and benefits offered by ikigai’s cards.

Recently, IBS Intelligence reported that Mastercard announced bringing its customers Apple Pay, a safer, more secure and private way to pay. Helping customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash.