Santander
"Grupo Santander's financing platform becomes the financier for Apple in Germany, both in Apple stores and online. Zinia has been present in Germany since 2022 and offers a range of financing solutions (buy now pay later and installments, among others)."
9to5Mac
"iOS 18 includes Tap to Cash, a new way to send money to your friends using Apple Pay Cash. By simply bringing your phone close to a friend, you can send money instantly – transferring from your Apple Cash account."
9to5Mac
"Tap to Pay on iPhone is continuing its rollout to more countries. Less than a week after the service debuted in Japan, Apple is bringing seamless, iPhone-centric contactless payments to Canada."
Washington Post
"The U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like banks — and regularly inspect some of their operations — in a move meant to protect millions of Americans who now use their smartphones to pay at the register and send money to family and friends."
PR Newswire
"SUNRATE, a global payment and treasury management platform, brings its customers Apple Pay, a safer, more secure and private way to pay, and uses the power of iPhone to protect every transaction."
Reuters
"A federal judge in San Francisco has dismissed a consumer lawsuit accusing Apple of driving up fees at platforms such as Venmo and Cash App by prohibiting payment apps from implementing cryptocurrency transactions."
9to5Mac
"Stripe has supported Apple Pay Later for most merchants since last March, but the feature is officially rolling out to everyone this week."
Yahoo Finance
"Commonwealth Bank of Australia Chief Executive Officer Matt Comyn renewed his warning on Apple Inc.’s power over the nation’s payments market, reigniting a years-long dispute about competition in a booming area of finance."
Business Wire
"In a move towards greater transparency and responsible credit reporting in the buy now, pay later (BNPL) industry, Experian® announced it will now include “pay-in-4” BNPL loan information from Apple Pay Later on consumers’ credit reports, making Apple the first major BNPL provider to fully furnish “pay-in-4” loan information and payment history directly to the credit reporting agency."
Engadget
"Apple Cash may soon offer a "virtual card number" in the iOS 17.4 beta that can be used to shop online where Apple Pay isn't available, according to a Reddit post spotted by 9to5Mac."
Visual Capitalist
"Since the iPhone’s launch in 2007, Apple’s product launches have continuously diversified the company’s revenue sources. This infographic illustrates Apple’s revenue by product between 2007 and 2023, based on the company’s 10-K filings for the period."
9to5Mac
"Apple is facing more criticism for its announced its plan about how it plans to comply with the Digital Markets Act in the European Union."
Business Wire
"...the changes include: New options for using payment service providers (PSPs); New options for processing payments via link-out; Business planning tools"
Washington Post
"The iPhone maker said it will charge a 27% commission for U.S. app makers to use third-party payment systems, angering developers."
Yahoo Finance
"The Supreme Court on Tuesday allowed a court order to take effect that could loosen Apple’s grip on its lucrative iPhone app store, threatening to siphon billions of dollars away from one of the world’s most profitable companies."
Reuters
"Apple has offered to let rivals access its tap-and-go mobile payments systems used for mobile wallets, three people familiar with the matter said, a move that could settle EU antitrust charges and stave off a possible hefty fine."
CNBC
"Apple has given Goldman Sachs a proposal to end its credit-card and savings account partnership within the next 12 to 15 months."
Reuters
"Apple Inc has been sued by Venmo and Cash App customers in a proposed class action claiming the iPhone maker abused its market power to curb competition for mobile peer-to-peer payments, causing consumers to pay 'rapidly inflating prices.'"
TechCrunch
"Apple is making Apple Pay Later available to all users in the United States, after initially releasing it to a limited number of users back in March. Apple Pay Later allows users to split the cost of an Apple Pay purchase into four equal payments over six weeks without interest or late fees."
MarketWatch
"The financial alliance between Apple and Goldman Sachs Group, launched in 2019 with the intent of tapping into the consumer finance marketplace, has hit a rough patch. The partnership that birthed Apple Card and its high-yield savings account was reportedly deemed a “mistake” by a Goldman Sachs executive, encapsulating the bank’s burgeoning discontent with the venture."
9to5Mac
"News of Apple’s partnership with Goldman Sachs first emerged in February 2019 from the Wall Street Journal. That’s the same news outlet that is now reporting on Goldman’s effort to back out of the deal and pass it off to American Express."
The Tech Report
"As the popularity of mobile payment solutions increases, Apple Pay surfaces as a key player in the market, distinguishing itself from the rest."
Yahoo News
Goldman Sachs, Apple's banking partner for its credit card and high-yield savings account, is seemingly having doubts about those products. According to The Wall Street Journal, Goldman is looking to get out of the consumer lending business, which could have implications for Apple Card and the associated savings account.
Reuters
"The Australian government said on Wednesday it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay and Alphabet's Google Pay."
9to5Mac
"Apple is soft launching a new iPhone Wallet app integration today that is powered by the United Kingdom’s Open Banking API. The Wallet app will now be able to show the user’s current account balance from their bank, as well as a history of deposits and payments."
Reuters
"Apple was ordered to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet. U.S. District Judge Jeffrey White said the plaintiffs could try to prove that Apple violated the federal Sherman antitrust law by enforcing a 100% monopoly over the domestic market for tap-and-pay wallets for iPhones, iPads and Apple Watches."
GlobeNewswire News Room
With around 507 million users across the globe, Apple Pay is becoming an increasingly popular method to purchase cryptocurrency on self-custody wallets like MetaMask.
9 to 5 Mac
"Apple today announced that its high-interest savings account for Apple Card has topped over $10 billion in deposits. Early indicators suggested that the savings account was a hit, and today Apple has given us firm official numbers to back that up."
9to5Mac
"Apple Pay Later has been rolling out since March, but it’s still not available to everyone. Despite the limited availability, a new survey today suggests that Apple is already taking business from other buy-now-pay-later services like Paypal, Afterpay, and more."
Apple Must
"Apple today announced businesses across the United Kingdom can now accept in-person contactless payments through Tap to Pay on iPhone, which lets vendors take payments using contactless cards and mobile wallets. Initial partners include Revolut and Tyl by NatWest are the first payment platforms to offer Tap to Pay on iPhone to their U.K. business customers, with Adyen, Dojo, myPOS, Stripe, SumUp, Viva Wallet, Worldline, and Zettle by PayPal coming soon."
