back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

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

By Joy Dumasia

July 07, 2021

  • Ikigai
  • UK
Share

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.

Previous Article

July 07, 2021

TD Bank Group completes acquisition of Headlands Tech Global Markets

Read More
Next Article

July 07, 2021

Nordea selects TietoEVRY to deliver payment card production

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 19, 2022

Ikigai

The Weekly Wrap: all you need to know by Friday COB | August 19th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 19, 2022

6 FinTech Tweets you should see!

Read More

August 19, 2022

PalmPay launches Wallet Safe Workshop to spread payment security awareness

Read More

August 19, 2022

OpenFin appoints Vicky Sanders as Chief Digital Officer

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022