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 […]
Over at the Worldwide Developers Conference, Apple on Monday, announced that the company will be introducing a “buy now pay later” feature known as “Apple Pay Later” purchase option into iOS 16. The plan will allow U.S.-based users to spread the cost of a purchase into four payments over six weeks without interest or fees. […]
Users in Peru and Argentina have begun reporting that Apple Pay is now available in other regions. The new system appears to include support from 11 banks across the two countries. According to Pisapapeles, Apple Pay is now officially supported by 11 banks. Argentina: Banco de Galicia S.A. Banco Macro S.A. Banco Patagonia S.A. BBVA Argentina Brubank Industrial […]
Following Western sanctions on Russia’s financial institutions in response to last week’s invasion of Ukraine, customers from several of Russia’s largest banks have discovered they can no longer use their debit and credit cards in conjunction with Apple Pay and Google Pay. Among the affected organizations include VTB Group, Sovcombank, Novikombank, Promsvyazbank, and Otkritie FC […]
Starting on Monday, Apple Pay has expanded to Costa Rica, Colombia, and Azerbaijan. In Costa Rica, at least Banco Promerica, BAC Credomatic, and BCR are supporting credit cards through Apple Pay. All these bank apps have been updated over the past few days to bring support to the Apple Wallet. For Colombia, Bancolombia has begun […]