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BUSINESS TODAY 27 June 2019

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27.06.19 2 NEWS MASSIMO COSTA THE number of persons reg- istering for work in May stood at 1,669, a drop of 6.8% when compared to the correspond- ing month in 2018. is decrease, however, was not refl ected in the number of unemployed persons aged un- der 25, which saw an increase. National Statistics Offi ce fi g- ures published on Wednesday indicate that while there were 75 persons under 20 and 88 aged between 20 to 24 who were registering for work in May 2018, the fi gures for last month stand at 100 and 99 per- sons respectively. Unemployment was down for all other age groups. e fi gures, based on data provided by Jobsplus, show a decline of 138 persons register- ing under Part I of the unem- ployment register over the one year period. However, compared to the same month last year, an in- crease of 16 people registered as unemployed under Part II of the register was noted in May. Part I of the unemployment register cover new job seekers who have left formal education, re-entrants into the labour market and individuals who have been made redundant by their former employers. ose registering under Part II of the register are either workers who have been dis- missed from work due to dis- ciplinary action, left work out of their own free will, refused work or training opportunities or were struck off the register after an inspection by law en- forcement personnel. When compared to May 2018, an increase of 29 persons was recorded amongst registrants whose unemployment was of under 21 weeks' duration. On the other hand, decreases were recorded among regis- trants who had been looking for work for 21 weeks or more. e number of persons with a disability who were register- ing for work decreased by 68% compared to the previous year, reaching 216. Men accounted for 68.5% of total registrants with a disability. Split according to gender, the number of registered unem- ployed males declined from 1,268 in May 2018 to 1,160 last month, while the number of females was down from 523 to 509 across the same period. e majority of men and women registered as unem- ployed sought occupations as clerical support workers, with 19.2% and 40.1% respectively. For males, the second most popularly sought-after occu- pation was for craft and related trade jobs, at 14.8%, while for females it was service work and sales work, with 19.1%. Unemployment down 6.8% in May, but jobless under 25 on the increase 1,669 persons were registered as unemployed in May 2019, a drop from the 1,791 gure for the equivalent period in 2018 The number of unemployed persons aged under 25 increased slightly over 2018 YANNICK PACE USERS of the online banking platform Revolut will be able to add their card to Apple Pay and use their Apple devices to make payments in local shops. Apple Pay is a mobile payment and digital wallet service that allows users to make payments both in person and on the online. Users can link their credit or debit card to Apple devices like an iPhone or Apple Watch and use them to make payments at contactless point-of-sale ter- minals. e service was launched in Malta, along with 11 additional countries, on Wednesday bringing the number of coun- tries in which the service is available up to 28 countries. "Revolut customers in 28 countries can now make fast and convenient purchas- es in stores, in apps and on websites with Apply Pay on iPhone, Apple Watch, iPad and Mac," Revolut said in a statement an- nouncing the new service. It said that payments with Apple Pay are faster than payments with "traditional debit and credit cards or other payments methods", while also eliminating the "need to search for a wallet" when paying in shops. "Revolut's ultimate goal is to give our customers a useful tool to manage every aspect of their fi nancial lives, and the ability to make payments quickly, con- veniently and securely is vital to achieving this," Arthur Johanet, Product Owner for Card Payments at Revolut said. "Our customers across Europe have been requesting Apple Pay for a long time, so we are delighted to continue our rollout with 12 additional markets. is is a very positive step forward in enabling even more of our customers to use their money in the way that they want to." Revolut customers can add their card to Apple Pay via the Revolut app or via the Wallet app. "Customers without a plastic card can add a virtual card to Apple Wallet in just a few taps from the Revolut app and start spending instantly, without having to wait for the physical card to arrive in the post. is will enable new customers to sign up and begin spending with Apple Pay in minutes," Revolut said. When using a Revolut debit card with Apply Pay, the actual card numbers are not stored on the device or Apple's serv- ers, Revolut said. Instead, a unique Device Account Number is assigned, encrypted and securely stored on the user's device. Revolut was founded in 2015 and launched in Malta back in September 2018 when the company's CEO caused a stir by accusing Maltese banks of using "crappy technology" and of taking ad- vantage of their customers with endless banking fees. Revolut launches Apple Pay in Malta

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