Apple Pay was scheduled to go live in South Korea at the end of November. However, South Korea’s Finacial Supervisory Service said it had to consider a couple of concerns before launching Apple’s payment system accessible within South Korea. As per a recent blog entry written by Naver (via Tommy Boi), Apple Pay might be in South Korea before the end of the month “at the very earliest” or by the end of the year “at the time of the.” Naver suggests that South Korea’s absence of NFC terminals may hinder Apple even if its payment system launches.

If Apple Pay is made accessible, Hyundai Card will be “the sole service provider” because it’s unclear if other banks or cards will support Apple Pay’s payment method.

In October, the Korea Herold revealed that documents leaked to the public showed that Hyundai customers could be eligible to use Apple Pay as soon as November or December.

“This policy document intends to define the conditions and procedures for the rights and obligations of our customers and our company, its obligations, accountability, and the use and use of Apple Pay services provided by Hyundai Card Corporation for our customers who are registered. The conditions and terms will take effect in November. 30, 2022.”

Although Apple typically has agreements with a handful of banks before the launch of Apple Pay for a specific country, it is the only way to pay with credit and debit cards to be included in Apple Pay in the particular country.

A few months ago, Apple added its payment system to Qatar before this year’s Fifa World Cup. The service is integrated with different banks. In addition, this calendar year, Apple Pay was made available in Malaysia, Moldova, Argentina, Peru, and Armenia. Chile is believed to be receiving Apple Pay for quite a few months. However, it has yet to offer it.

BGR will determine if Apple’s payment system is now functioning within South Korea and which banks and credit cards will be able to accept it.

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Apple Card: One of my top Apple products has just gotten better

Apple Pay in South Korea is delayed yet again

The first thing to mention is that when Apple’s “Spring loaded” event was about to begin this Tuesday — which was one of the iPhone maker’s first launch events for a virtual product of 2021, Apple Chief Executive Tim Cook hit everyone with an unexpected update on … Apple Card. It’s Apple’s digital credit card product which comes with a physical card that users can opt-out of if they prefer the digital version of the card to store within the iPhone’s Wallet app. ahead of some important changes to the Apple product, which is among my top choices from the company. Cook declared that Apple Card has been “the most prosperous launch of a credit card ever” in the months following its August 2019 launch.

He highlighted things to be addressed by his Apple Card improved on, such as a need for more transparency in the field of the way credits are calculated. Then, he got to business, revealing the Apple Card update that certain users (families) will be particularly happy with. Apple calls”the update” Apple Card Family, which includes the possibility for spouses to share Apple Card credit cards and include children as authorized users.

In April, Apple Card Family will permit co-ownership of an iPhone manufacturer’s credit card and allow them to combine and share the credit line of their respective accounts. According to Apple, Apple Card Family additionally “enables parents to share their Apple Card with their children and offers spending limits to teach responsible and responsible financial habits. Apple Card Family is designed to assist families in the Family Sharing group achieve a more financially sound life by making it simple to monitor spending, all through the iPhone and with one month-long bill.”

“There’s been insufficient transparency and understanding among consumers about the method by which the credit score is calculated when two people using the same credit card because the account holder who is the primary has the advantage of building solid credit histories, but the second one does not,” said Jennifer Bailey who is Apple’s vice-president in charge of Apple Pay. “Apple Card Family lets customers fairly build credit histories.”

  • What does this mean if you’re an Apple Card owner — in the future, you’ll be able to add up to five other people to the Apple Card account. All users must be members of the same family-sharing group and at least thirteen years of age.
  • Participants and co-owners will receive daily cashback for Apple Card purchases they make through this sharing Apple Card. In addition, if existing Apple Card owners merge their accounts and pay for the same purchase, they’ll retain the lower interest rate of both accounts.

Of course, the best advantage I enjoy as an Apple Card owner (beyond the absence of a physical credit card to pass back and back and forth, which is ideal for the coronavirus period) is the absence of charges. There aren’t annual late international, over-the-limit, or late charges associated with the Apple Card. Apple Card also offers Daily Cash, which is credited as much as 3% on every purchase. It is broken into three parts: Customers receive unlimited Daily Cash of 2% whenever they use their Apple Card with Apple Pay, as well as unlimited Daily Cash of 3% on any purchase made directly through Apple, such as at Apple Store locations, on apple.com, the App Store and the iTunes Store and to purchase Apple services.

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