Apple is planning to take its new mobile payment system into the U.K. and other parts of Europe in the coming year, though its current fee structure for banks may not be as easy to export.
The Cupertino, Calif.-based company is seeking an intern to be part of a London-based team that will help introduce and distribute the product across Europe, the Middle East, India and Asia, according to a job posting spotted by the tech news site 9to5Mac.
The intern will be responsible for handling contracts and non-disclosure agreements between Apple and its banks and retailers, the website reported.
Apple was already known to be working on bringing Apple Pay overseas; Visa Europe announced shortly after the U.S. release of Apple Pay that it was involved in the effort of bringing the Near Field Communication-based mobile wallet to Europe.
A move into Europe will again open discussions about what sort of fee deal Apple can negotiate with issuers, especially since Europe's rates don't leave the kind of negotiating room that Apple reportedly established in the U.S., said Zil Bareisis, a London-based senior analyst for research firm Celent.
"They will have to find a different model here" from the 15 basis points Apple reportedly collects from issuers in the U.S., Bareisis said.
Already lower than U.S. rates, Europe's are set to drop to 0.3% for credit cards and 0.2% for debit cards, Bareisis said.
The European Union announced a preliminary deal Dec. 18 with the Economic and Monetary Affairs Committee, agreeing to cap fees for cross-border and domestic card-based payments while seeking to eliminate national differences in interchange rates.
"Apple will also have to pick its first markets carefully, choosing where Apple is still relatively strong, as in the U.K., whereas the rest of Europe is much more dominated by Android," Bareisis said.
Though Apple Pay launched in the U.S., it was earlier rumored to be planning its debut in China.
14-Day Free Trial
Corrected December 19, 2014 at 9:41AM: This story has been updated to clarify a quote from Zil Bareisis about Apple's potential pricing model in Europe.