Apple Pay to debut on Monday

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CUPERTINO, Calif. (AP) — Apple Pay, the company’s new system for using iPhones to make credit and debit card payments at retail stores, will make its debut Monday.

Apple CEO Tim Cook announced the date Thursday during a company event and said deals have been made with hundreds of additional credit card issuers since the service was announced last month.

Cook also touted strong reception to the new iPhones last month and said there’s more to come.

During the event, Apple is expected to unveil new iPads, as the company tries to drive excitement amid slowing demand for tablet computers. Apple may also announce a new Mac operating system and possibly new Mac computers.

“It’s been an incredible year and tremendously busy already,” he said, adding that the new iPhones have been the fastest-selling in Apple’s history.

He reiterated that the iPhones will launch in China in just a few hours and said the launch is aligned with a rollout of 4G cellular networks there.

The event is being held at Apple’s headquarters in Cupertino, California.

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