20 more banks and credit unions sign up for Apple Pay

There seems to be no shortage of banks that want to support Apple Pay, and 20 more have just signed up for the mobile payments service.

Apple chief executive Tim Cook said the other day that 2015 would be the year of Apple Pay. He, of course, knew some things that we didn’t know when he said that.

Morgan Stanley is perhaps the best known of the banks that have just signed up. The investment bank issues premium credit cards to its wealth management services customers. Now those wealthy customers can add their cards to Passbook on their iPhones for mobile payments.

The other banks and credit unions include:

• Affinity Federal Credit Union
• Cabela’s Club
• Central Bank
• Credit Union of Southern California
• Farmers & Merchants Bank of Long Beach
• First National Bank of Omaha
• First Sentry Bank
• FirstBank
• Grow Financial Federal Credit Union
• Ideal Credit Union
• Redwood Credit Union
• State Department Federal Credit Union
• Teachers Credit Union
• Technology Credit Union
• The Northern Trust Company
• The Independent BankersBank
• United Federal Credit Union
• Utah First Federal Credit Union

Apple has now added support for nearly 100 of the more than 700 banks that have agreed to integrate with the service.

About 8 percent of large retailers in the U.S. now support Apple Pay, according to a recent survey by Boston Retail Partners. BRP believes that 38 percent of large retailers in North America will be supporting Apple Pay by the end of this year, and that Apple Pay will be the most widely used mobile payments platform among large retailers.

H/T: Apple Insider