The UK Government has announced plans to sell its remaining 12 per cent of Lloyds and has committed to selling at least £2 billion worth of the bank's stock (about four per cent of the bank) to private investors. The BBC reports that members of the public will be offered a five per cent discount to Lloyd's market price and will be offered a one-for-ten bonus share issue if they hold the stock for a minimum of 12 months. The sale is expected to be launched in the northern spring. Apple has has a difficult introduction to the payments market, the Australian Financial Review reports. After its first year of operation, the company's Apple Pay service accounted for only one per cent of retail transactions in the United States, according to researcher Aite Group. The service has suffered from limited promotion and only a limited number of contactless terminals in stores. Another problem is that the service is only available on newer iPhones. Retailers say consumers don't understand how it works or what benefit they would get from using it.