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Apple has delayed the launch of Apple Pay in South Korea due to a local censorship clause

via:新浪科技     time:2022/12/6 11:01:04     readed:90

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Apple ApplePay is about to enter the South Korean market, but according to a new report, this will put ApplePay's launch in the country on hold due to a request by Korea's Financial Supervisory Authority to review its terms.

According to Naver, the Korea Financial Services Ministry has revised ApplePay's terms, but "there are some things that need to be considered separately" and "further discussed with the ministry." Naver thinks Apple ApplePay will be delayed until the end of December or later. It will be launched in South Korea in early January 2023.

IT Home has learned that back in October, The Korea Herald reported that some users were able to access ApplePay terms when trying to add a Hyundai card (a Hyundai Motor Group credit card) to the Apple Wallet app. At the time, the report also said ApplePay would be available in South Korea in November or at least early December, according to leaked documents.

It is unclear if ApplePay will launch an exclusive Hyundai card support in South Korea, and if there will be other compatible cards. Interestingly, Naver's report also notes that ApplePay's delay in South Korea may not have a big impact, as there are not many NFC-enabled payment terminals in the country.

Apple ApplePay users can make purchases in stores or online without using a physical credit or debit card. Users need to hold their iPhone or AppleWatch close to an NFC card reader or tap to confirm a transaction online.

translate engine: Youdao

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