Canada has one of the world's highest card penetration rates and a mobile commerce share that keeps growing, and because iPhone usage is relatively high, most major bank cards support Apple Pay registration. Apple Pay stores tokenized card information on the device and approves payments via Face ID or Touch ID biometric authentication in the Safari web or in-app checkout, which results in less drop-off than typing in a card number directly, and the actual card information is never passed to the merchant.

This is worth prioritizing for merchants with an own-store or app with a high share of mobile traffic, especially in industries like fashion, ticketing, and subscriptions where immediacy and repeat purchases matter. Because it works in both the Safari web checkout and in-app checkout, its scope of applicability is broad even for stores without a dedicated app.

When a consumer selects Apple Pay at the payment button, the tokenized card stored on the device is invoked and approval is completed with Face ID or Touch ID authentication. A device-specific token is sent instead of the actual card number, and combined with the card network's online authentication (such as 3-D Secure), this lowers the risk of fraudulent use. The approved CAD proceeds are received and converted by Hecto Financial, then settled in whichever of USD, KRW, or JPY was agreed in the contract.

Integrating through Hecto Financial lets a Korean company explore adopting Apple Pay payments without a separate contract with a local Canadian entity. Because this wallet method is designed alongside your existing card payment setup, the scope of applicable channels (web, in-app) along with fees and settlement conditions should be confirmed with Hecto Financial's sales team before signing a contract.

• Business registration country

  Confirm contract eligibility as a Korean business

• Sales channel

  The integration approach and priority differ depending on your mix of online sales channels, such as your own store, open marketplaces, or a mobile app

• Product categories handled

  Confirm in advance whether your category falls under Apple Pay's restricted merchant policies

• Local regulatory compliance

  Confirm compliance with Canada's payment and foreign exchange regulations (see the official sources below)

From a settlement standpoint, Apple Pay transactions are the same as card transactions. Hecto Financial receives the amount a Canadian consumer approved in CAD, converts the currency, and pays the merchant in whichever of USD, KRW, or JPY was set in the contract. Refunds are returned to the consumer's card based on the tokenized original transaction, and the settlement cycle and the point at which the exchange rate applies should be confirmed against the contract terms.

• Bank of Canada / Payments CanadaOfficial information on Canada's payment systems and clearing rules. If this page's content differs from the actual regulations, the official source takes precedence.