'Apple Pay Korea Launch Officialized' Hyundai Card Announcement... Likely Early Next Month
Expected Release in Early Next Month
[Asia Economy Reporter Minwoo Lee] Hyundai Card has officially announced the domestic launch of Apple Inc.'s contactless payment service, Apple Pay.
On the 8th, Hyundai Card stated, "We plan to launch Apple Pay in Korea in collaboration with Apple," adding, "Further details will be announced later."
Earlier, on the 3rd, the Financial Services Commission permitted the introduction of Apple Pay in Korea after considering relevant laws such as the Specialized Credit Finance Business Act and the Electronic Financial Transactions Act, as well as previous legal interpretations.
Although the exact launch date is not yet determined, the industry expects it to be early next month.
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Hyundai Card signed a contract with Apple in August last year and has been preparing for the domestic launch. Until now, they have consistently maintained the position that "there is nothing to confirm at this time" regarding the introduction of Apple Pay.
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