Apple announced at its iPad event on Thursday that Apple Pay, which it unveiled in September, will officially launch on Monday. It is also now supported by 500 more banks in the U.S.

Apple Pay is the company’s new payment solution, which enables iPhone users to pay for goods and services both online and off. It was already supported by 222,000 retail locations upon announcement, though some key retailers have resisted.

“Now paying in stores happens in one natural motion — there’s no need to open an app or even wake your display thanks to the innovative Near Field Communication antenna in iPhone 6,” Apple says. “To pay, just hold your iPhone near the contactless reader with your finger on Touch ID. You don’t even have to look at the screen to know your payment information was successfully sent. A subtle vibration and beep lets you know.”

“On iPhone, you can also use Apple Pay to pay with a single touch in apps. Checking out is as easy as selecting ‘Apple Pay’ and placing your finger on the Touch ID,” it adds.

Apple Pay is the only use for the new iPhone’s NFC technology.

Recent reports suggest that Apple Pay will be supported by Square.

Image via Apple