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Are we willing to learn the lessons of Apple Card?

In August 2019, Apple and Goldman Sachs unveiled what they described as a ‘groundbreaking’ credit card. Designed to promote healthier financial habits, the Apple Card aimed to revolutionise the credit card experience. However, little more than five years later, the initiative now stands as a cautionary tale about the complexities of managing projects on this […]

Tuily and Paymentology empower Colombian SMBs with Apple Pay

Tuily, a Colombian fintech, has rolled out Apple Pay services for small and medium businesses (SMBs) across the South American country. The fintech has joined forces with Paymentology, a global issuer-processor, to make this exciting development possible. This partnership marks a significant step forward for Tuily, which was launched in 2023 with a mission to “democratise […]

Apple Card’s savings account hits $10b in deposits

Apple Card’s savings account, offered by Goldman Sachs, has reached $10b in deposits since launching in April. The savings account allows Apple card users to grow their Daily Cash rewards. When Apple Card users buy something, they earn Daily Cash (cashback), on their purchases. Users can choose to put this cashback—and top up […]

Apple introduces Tap to Pay on iPhone in Australia

Apple has introduced Tap to Pay for iPhone in Australia. Tap to Pay enables businesses to accept all forms of contactless payments, including Apple Pay, credit and debit cards, and other digital wallets, via an iPhone, removing the need for any additional hardware or payment terminals. Westpac and Tyro Payments will be the first payment […]

Apple launches a 4.15% savings account in the US

Apple has launched a new savings account offering a 4.15% APY. The account, which is provided by Goldman Sachs, will allow Apple Card users to put their Daily Cash rewards into the savings account. Daily Cash, a rewards perk for Card users, returns a percentage of purchases, which is deposited in the high-yield account from […]

Apple launches a 4.15% savings account in the US

Apple has launched a new savings account offering a 4.15% APY. The account, which is provided by Goldman Sachs, will allow Apple Card users to put their Daily Cash rewards into the savings account. Daily Cash, a rewards perk for Card users, returns a percentage of purchases, which is deposited in the high-yield account from […]

Apple launches BNPL service in the US

Apple has launched its long-anticipated buy now pay later product in the US to select users. First announced last June, Apple Pay Later allows users to split purchases into four payments, spread over six weeks—with no interest or fees. Users can apply for loans of $50 to $1000, which can be used online and in-app […]

Apple plans to launch high-yield rewards offer for Card users

Apple has launched a new rewards initiative for Apple Card that will allow users to earn cashback, dubbed Daily Cash, and grow their rewards in a high-yield savings account from Goldman Sachs. Apple Card users will be able to open the new savings account and have their Daily Cash automatically deposited into it “in the […]

Apple to launch BNPL service

Apple is launching a buy now pay later (BNPL) service in the US. The service will roll out as part of its new operating system, iOS 16, and enable users to split the cost of an Apple Pay purchase into four equal payments spread over six weeks, with zero interest and no fees. The technology […]

SumUp brings Apple Pay to merchants with SumUp Card

Global payments service provider SumUp is bringing Apple Pay to UK-based customers. Apple Pay is a safer, more secure and private way to pay that helps SumUp merchants avoid handing their payment card to someone else, touching physical buttons or exchanging cash—and uses the power of the iPhone to protect every transaction. SumUp merchant card […]