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Apple Pay apparently soft-launches in South Korea

Apple Pay has apparently quietly soft-launched in South Kora with a single card issuer presently backing it. Following regulatory hurdles, Apple Pay was expected to launch in South Korea at any time, which has only been recently confirmed by Apple. The feature seems to have gone live, according to a couple of sources. A Twitter […]

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Apple Pay may launch within South Korea today

Apple Pay may be available to use in South Korea beginning today. An ad for Apple Pay began to circulate within the country, and seemingly indicates that Apple’s mobile payments platform will launch today. Appearing on Twitter on Tuesday, a photograph of what appears to be the inside of a taxi taken by “@Tommyboiiiiii” shows […]

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Apple Card interest rates expected to rise along with Fed’s interest rate hike

As is won’t with most credit cards, the Apple Card’s interest rate on overdue balances will rise as the Federal Reserve raises its benchmark overnight interest rate in an attempt to slow inflation in the United States. As of July 1, the Apple Card’s variable APRs now range from 12.49 percent to 23.49 percent based […]

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Apple Pay Later to take advantage of Apple ID data to help detect fraudulent activity ahead of time

Well, this is a bit more reassuring. Following its announcement of its Apple Pay Later financing option and its Apple Financing LLC division, Apple has stated that it plans to use a customer’s Apple ID and associated data to minimize the chance of fraud and losses. While most financial firms offering a “buy now, pay […]

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Apple creates Apple Financing LLC to handle Apple Pay Later lending

During its WWDC 2022 keynote, Apple announced its new “Apple Pay Later” program, which is set to debut this fall and allows shoppers to break their payments for purchases into four equal installments, over six weeks. The company is apparently also handling the lending through the use of its new wholly-owned subsidiary, as opposed to […]