Australia could further tighten regulations surrounding digital payment services from the likes of Apple and Google. A new report has been commissioned in Australia regarding this, which Treasurer Josh Frydenberg would “carefully consider.”
Apple Pay: Everything you need to know!
According to a new report from Bloomberg, Apple is working on a new ‘Buy Now, Pay Later’ service with Goldman Sachs. As per the report, the new service would allow every purchase made via Apple Pay to be converted into monthly installments.
According to a new report from Financial Times, European Union (EU) is working on the next generation identification services. EU is said to be developing a ‘bloc-wide digital wallet’ that could give citizens of 27 countries access to public and private services under a single ID.
Cryptocurrency space is in the limelight thanks to recent surge in price. Large corporations like Tesla are investing their money into cryptocurrency and momentarily accepted Bitcoin as payment for Tesla. Apple is now hiring a Business Development Manager job opening for an alternative payment system.
Apple has updated its System Status page to reflect an outage with Apple Pay. The outage is preventing Apple Card owners from paying their bill, locking/unlocking their physical card, requesting a physical card, or a new card number.
Bitcoin started getting attention from mainstream media when its value peaked in December 2017. Ever since then the adoption rate for bitcoin is steadily rising. Now Opera has announced that users can buy Ethereum and Bitcoin via its browser by using Apple Pay.
After Apple Pay’s expansion in the European markets such as Portugal and Slovakia last year, the mobile payment solution could soon make it to Mexico. Some users in the country were able to add their bank’s debit and credit cards to the Wallet app on their iPhones.
It is being reported that Apple executives have started meeting banks and credit companies in Israel so that they can start offering Apple Pay in the region.
Apple has come under the scanner of regulatory authorities once again. Germany has passed an anti-money laundering law that directs to open up the NFC chip on iPhones for other payment providers. According to a report by Reuters, the law is set to come in effect from next year.
5 years after Apple Pay first launched in the United States, it has become the most popular mobile payment app in the country surpassing the Starbucks mobile app which had long been the leader.