The new cool products are free to try for the first time, and there are many high-quality experts sharing unique life experiences. Come to Sina Crowdtest and experience the most cutting-edge, most interesting and fun products in various fields~! Download the client and get exclusive benefits!
Apple Pay is about to enter the South Korean market, but according to the latest reports, this will put the launch of Apple Pay in South Korea on hold due to a request from the Korean Financial Supervisory Authority to review its terms.
According to Naver, South Korea’s Ministry of Financial Services has amended the terms of Apple Pay, but “there are some things that need to be considered separately” and “further discussions with the ministry” are required. Naver believes that the launch of Apple Pay in South Korea will be delayed until late December or early January 2023.
IT Home learned that as early as October, the Korea Herald reported that some users were able to access the terms of Apple Pay when they tried to add Hyundai Card (the credit card of Hyundai Motor Group) to the Apple Wallet app. At the time, the report also said that Apple Pay would go live in South Korea in November or at least early December, according to the leaked document.
It’s unclear if Apple Pay will launch exclusively in South Korea with support for modern cards, and if there will be other compatible cards. Interestingly, Naver’s report also mentions that the delayed launch of Apple Pay in South Korea may not have a big impact, as there are not many payment terminals that support NFC in South Korea.
Apple Pay users can make purchases in stores or online without using a physical credit or debit card. Users need to hold their iPhone or Apple Watch close to an NFC reader, or tap to confirm the transaction online.
media reports
Sohu IT Home Sina Technology
Event Tracking
- 2022-12-05Apple Pay delayed in South Korea due to local censorship terms
- 2022-07-31 Apple may open Apple Pay browser restrictions
- 2020-07-07 Apple Pay may support QR code payment
- 2020-06-01Apple Apple Pay officially supports Hong Kong Octopus
- 2020-05-25 iOS 14 details exposed: free to change wallpaper, Apple Pay or integrate Alipay
This article is transferred from: https://readhub.cn/topic/8lvrKwYszYs
This site is only for collection, and the copyright belongs to the original author.