Apple Confirms Apple Pay to Launch Oct 20

Apple Pay is officially launching on Monday, October 20. Apple confirmed its mobile payment system for the iPhone 6 and iPhone 6 Plus during a special media event on Thursday.

Apple Pay for the iPhone 6 and 6 Plus officially launches on MondayApple Pay for the iPhone 6 and 6 Plus officially launches on Monday

Apple CEO Tim Cook said over 500 banks are on board and more retailers will be supporting Apply Pay before the end of the year. He added that many developers have committed to supporting Apple Pay, as well.

Since Apple Pay isn't available on the new iPhone models yet, so expect to see a software update some time between now and Monday.