Apple iPhone 6
A new Apple iPhone 6 Plus is seen during an Apple event at the Flint Center in Cupertino, California, September 9, 2014. Reuters/Stephen Lam

Apple Pay is the newest way for making wireless payment through iDevices that come with NFC and Touch ID features. Apple is trying its best to support more number of banking institutions on Apple Pay.

According to Apple Insider, in the previous week, the Cupertino company increased the support for Apple Pay by adding several financial institutions, namely L&N Federal Credit Union, UW Credit Union, M&T Bank, Fremont Bank and the National Institutes of Health Federal Credit Union. Now, the Apple Pay supports up to 23 issuing banks across the U.S.

GSMArena states the addition of numerous banks for Apple Pay clearly indicates how popular the iOS 8.1 is. When the iOS 8 arrived, it did not enable the Apple Pay feature. According to The Verge, the support for Apple Pay arrived with the launch of iOS 8.1 update. This IBTimes post will educate you on everything that you wanted to know about the Apple Pay.

The Apple App Store statistics shows that the new iOS 8 is running on 63 percent of iDevices. In the previous month, it was 60 percent. The growth of 3 percent may not seem much but compared to the slow adoption of the iOS 8 of 1 percent in two weeks when it arrived in October, it is a great improvement.

Apple Pay makes it very convenient to make payments at retail outlets or within apps. In order to use Apple Pay for making payments, users are required to add their credit and debit cards to the Passbook on the iDevice. Apple has made the Apple Pay so secure that the credit and debit card details are neither revealed to the merchants nor stored on the Apple servers. One can initiate payment simply by holding the iPhone at the payment terminal with finger on the Touch ID fingerprint sensor. There will be a subtle vibration following authentication which will indicate successful payment.

The Apple Pay mobile payment service works on NFC enabled devices like the iPhone 6, iPhone 6 Plus, iPad Air 2, iPad Mini 3 and Apple Watch. It will also support payments on non-NFC devices that come with Touch ID fingerprint sensor like the iPhone 5S, iPhone 5C and iPhone 5.