Apple Expands In South America, Unveils Apple Pay In Brazil

Apple AAPL rolled out its mobile payment platform Apple Pay in Brazil, making it the first South American market to get the service.

Reportedly, the company has entered into a 90-day exclusive launch partnership with Brazil's largest private lender, Itaú Unibanco Holding.

The nearly 1.2 million VISA or MasterCard holders of Itaú having an iPhone 6 or later can make payments using iPhones or other Apple devices like iPad or Watch, which is accepted at a number of locations in Brazil.

As of the last reported quarter, the mobile payment and digital wallet service, launched by Apple in 2014, was available in 20 markets.

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