Apple Payments News: New Features, Partnerships, and More

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Paying with a Smartphone
Credit: pexels.com, Paying with a Smartphone

Apple has been making waves in the payments industry with its latest developments. Apple Pay Later, a new payment option, allows users to split purchases into four interest-free payments over six weeks.

This feature is a game-changer for those who want to manage their finances better. Apple Pay Later is available to users in the US, and it's integrated directly into the Wallet app.

Apple has also partnered with Goldman Sachs to offer a credit line for Apple Card users. This partnership provides users with a credit limit and a credit score, giving them more control over their finances.

The Apple Card has been a huge success, and this new partnership takes it to the next level.

Apple Payments Expansion

Apple is expanding its Tap to Pay on iPhone feature to more countries, including five new markets across Europe. This means businesses can use their iPhone as a contactless terminal to accept payments, making it even easier for customers to checkout.

Credit: youtube.com, Apple to pay $95 million to settle suit saying Siri snooped on users | REUTERS

The feature uses the NFC chip inside the iPhone to complete the payment. No need to fumble for a wallet or card, just hold your contactless card or iPhone near the merchant's iPhone.

Apple Pay installment options are now available in more countries, and additional buy now pay later providers are promised. This is great news for consumers who want more flexibility when making purchases.

Tap to Pay on iPhone is available in Germany, and Apple Pay is a part of AAPL Company.

New Features and Updates

Apple is discontinuing Apple Pay Later, a "buy now, pay later" service that launched in the US last year. Existing users can still manage their open loans through the Wallet app.

New features are on the way to Apple Pay, set to launch globally this fall. These include the ability to access installment loan offerings from eligible credit or debit cards, as well as Affirm.

Tap to Pay on iPhone is expanding to more countries, starting with Canada, where seamless contactless payments will be available.

New Features Launching This Fall

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Apple is gearing up for a big update to Apple Pay this fall. New features are on the way, including the ability to access installment loan offerings from eligible credit or debit cards.

Tap to Pay on iPhone is also continuing its rollout to more countries, with seamless, iPhone-centric contactless payments coming to Canada and other places.

Existing users with open Apple Pay Later loans will still be able to manage them via the Wallet app, but the service itself is being discontinued.

In its place, Apple is focusing on new features and partnerships, such as the ability to access installment loan offerings from eligible credit or debit cards, as well as Affirm.

More installment options are available now, with two different providers offering loans to Apple Pay users in the US and UK.

US National Parks Map Updates

Apple is supporting America's national parks with a week's worth of donations based on Apple Pay purchases made through its online store. This is part of their yearly tradition.

Laptop and smartphone display facilitating online shopping using mobile payment technology.
Credit: pexels.com, Laptop and smartphone display facilitating online shopping using mobile payment technology.

Topographic hiking trail support is arriving in Apple Maps this fall. This update will provide more detailed and accurate trail information for hikers and outdoor enthusiasts.

Apple's donation program is a great way to give back to the environment and support our national parks. By making purchases through the Apple online store, you'll be contributing to the cause.

Security and Issues

Apple Pay users in Hungary have been complaining about unauthorized charges. This issue has been reported by multiple users, highlighting a problem with the platform.

Banks in Hungary have stated that the issue is on Apple's side, which suggests that the problem may be related to Apple's systems or processes.

Partnerships and Integrations

Apple's partnership with Affirm brings more flexible payment options to iOS 18 users. The integration with Affirm's buy-now-pay-later service is now available for qualified users when checking out with Apple Pay.

You can use Tap to Pay on iPhone in five new European countries, including Germany. This feature allows businesses to accept payments by holding their contactless card or iPhone near the merchant's iPhone.

Credit: youtube.com, Apple vs. Banks: The Digital-Wallet War, Explained | WSJ

More Apple Pay installment options are now available, and additional buy-now-pay-later providers are promised. Apple Wallet supports Canada's Presto card, which can be used for travel in Toronto, Hamilton, and Ottawa.

With Express Transit, you can tap in and out without having to authenticate. Buying Bitcoin with Apple Pay is now easier, thanks to Coinbase's new integration across third-party apps.

Here are the countries where Tap to Pay on iPhone is expanding:

  • Germany

Company News and Milestones

Apple has been making waves in the payments industry with some exciting developments.

The company has recently announced a new partnership with Goldman Sachs to launch a credit card, marking a significant milestone in its expansion into the financial services sector.

Apple has been investing heavily in its payments infrastructure, with a reported $1 billion investment in its Apple Pay service.

The Apple Card, launched in partnership with Goldman Sachs, offers users a cashback reward of 2% on all purchases made with the card.

Apple's commitment to security has been a major selling point for its payments services, with the company boasting a 99% success rate in detecting and preventing fraudulent transactions.

Frequently Asked Questions

What are the Apple payments coming out of my account?

Apple payments coming out of your account include purchases from the iTunes Store, App Store, Book Store, and in-app transactions, such as music, movies, TV shows, stickers, books, and apps

Rosalie O'Reilly

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Rosalie O'Reilly is a skilled writer with a passion for crafting informative and engaging content. She has honed her expertise in a range of article categories, including Financial Performance Metrics, where she has established herself as a knowledgeable and reliable source. Rosalie's writing style is characterized by clarity, precision, and a deep understanding of complex topics.

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