Not heard of Apple Pay? It’s the new generation e-wallet which was first launched in end Apr 2016. Then, American Express was the only one to support this new payment system which makes use of the wireless NFC (Near-field communication) technology to transmit data between the mobile device and a contactless reader. Essentially, it’s a tap-and-go feature, but just using your iphone and your thumbprint.
Now, 5 local banks (DBS/POSB, OCBC, Standard Chartered and UOB) have jumped onto the bandwagon. What’s more, they are offering rebates of either 3% or 20% for your spending at participating shops. UOB’s rebate promotion lasted for just one day but hey have some special deals at participating shops which you can see here – http://uob.com.sg/personal/ebanking/applepay.html?s_cid=vanity_URL_applepay.
From the table below, the best deal seems to be Standard Chartered, which gives a maximum rebate of $50 when you spend up to $250. However, do note there’s a cap of $100 per transaction, except for UOB which has lifted the cap for its merchants. Start signing up now and start using!
For more information, check out the individual banks T&Cs: