Apple Pay launches in Guatemala and El Salvador

Apple Pay now becomes available in Guatemala and El Salvador.

The feature is coming to Guatemala and El Salvador with Banco Promerica and BAC Credomatic. Both banks’ websites have been updated to confirm the news, which has also been corroborated by 9to5Mac readers. Twitter user Aaron was also able to confirm that Apple Pay went live in these countries today.


Reference: Apple Pay now available in Guatemala and El Salvador following expansion to South Korea

Apple launches Apple Card Savings account

Apple starts rollout for Apple Card Savings account. New high-yield APY of 4.15 percent savings account is backed by Goldman Sachs.

Apple Card Daily Cash could be automatically deposited to Savings account. Also, users could manage their account directly from Wallet app. There is a maximum limit for the account – $250,000.

New savings account available directly in Apple Wallet app might bring more users to Apple Pay.

Apple Newsroom: Apple Card’s new high-yield Savings account is now available, offering a 4.15 percent APY

Apple soft-launches Apple Pay Later

Apple announces launch of Apple Pay Later today. Feature will be initially offered to select users with gradual rollout to all users later this year.

Apple Pay Later will provide users with ability to apply for loans from $50 to $1000. Request results on in soft inquiry and therefore does affect credit score. Once approved users will be able to use Apple Pay Later as payment option and split purchase into multiple payments with no interest.

Starting this fall loans borrowed with Apple Pay Later will be reported to credit bureaus.

Merchants who support Apple Pay will not need to implement any additional support on their side.

Apple Pay Later is built using Mastercard Installments program and offered by Apple Financing LLC, subsidiary of Apple Inc.

Apple Newsroom: Apple introduces Apple Pay Later

Apple Pay launches in South Korea

After couple of months of rumors and reports, Apple now appears to launch Apple Pay in South Korea reported by Twitter user @aaronp613.

As of now several cards are reported to working.

Currently, you can add Apple Pay-enabled Visa, MasterCard, and domestic-only credit and debit cards issued by the following card issuers in South Korea: Domestic-only cards can only be added in the card issuer’s app.

– Hyundai Card

Some card issuers do not support some card types. This list will also be updated when a card issuer is added. Please contact your card issuer for support for your card.



PayPal and Venmo add Apple Tap to Pay integration

PayPal and Venmo iOS apps soon to be able to accept payments directly on the phone with Tap to Pay support.

Leveraging Apple's Tap to Pay on iPhone technology, U.S. merchant customers will soon be able to accept contactless debit or credit cards and mobile wallets, including Apple Pay, using an iPhone and the PayPal or Venmo iOS app.


Also PayPal is adding Apple Pay support for online payments to their app.

Reference: Apple Tap to Pay Integration Coming to PayPal and Venmo iOS Apps