Is Apple Pay available in South Korea?

Apple Pay has finally debuted in South Korea after years of regulatory hurdles. Apple’s wallet and payment service in Korea, as in other regions, will function across iPhone, Apple Watch, iPad, and Mac, and will let users make payments in retail stores, restaurants, and cafés, as well as online and within applications.

“Apple Pay is now available in South Korea,” said Duncan Olby, Apple Pay, Wallet, and Payments for International Markets, at a press announcement in Seoul. “Users can add their credit and debit cards on Wallet for their iPhone, Apple Watch, iPad and Mac.”

Since 2017, Apple has been attempting to bring the payment system to South Korea. Its goals were first pushed back due to the company’s inability to register as an electronic financial business operator in the nation. Later, local officials scrutinized the firm’s payment system to see if it breached Korean payment legislation regarding security and privacy, leading the launch to be delayed even more.

Last month, South Korea’s Financial Supervisory Service (FSS) authorized the service’s start.

According to the company’s statement, consumers using Visa, Mastercard, and local credit and debit cards issued by Hyundai Card can currently link their cards to Apple Pay.

Hyundai Card was previously in discussions with Apple Pay for a one-year exclusive relationship in Korea, but that deal fell through. However, no other local card issuers appear to have joined up with Apple Pay as of yet, so Hyundai Card appears to have gotten its wish, at least for the time being.

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