![]() ![]() Once you sign up, you can play an infinite number of games and chat with other users-all for free. Roblox is an online gaming platform where you can play games designed by other users and create and share your own games. Even the Apple Card details cannot be stored on Apple platforms.Īll in all, then, we shouldn’t hold our breath for an Apple Card launch in India – with similar problems likely to be hampering the Apple Card global rollout more generally.Are sexual predators a big problem on Roblox? What is Roblox? ![]() Last year, the RBI clearly stated that the bank’s partner cannot store customer data or transaction data. These are not liberties that Apple can take in India as per the current co-branded credit card regulations in India.īut a far bigger problem for Apple is integration with the app. The card also does not have any card number printed on it. The Goldman Sachs name and Mastercard also appear on the back of the Apple Card in the US. The regulations will require that Apple takes the back seat and the bank will take the driver’s seat. Unlike in the US, Apple cannot bring a plain card with just Apple’s logo and the customer’s name on the front. One legal requirement is relatively minor in the scheme of things, but would impact the minimalism of the card design. It is not clear whether the company is willing to make those compromises in order to launch the card in India, the source added. Money Control reports that the iPhone maker is talking to both HDFC Bank, and regulators, but isn’t yet getting very far.Īccording to one of the sources mentioned above, the regulator has asked Apple to follow the regular procedure for co-branded credit cards, without offering any special consideration for the company Īpple was looking at significant deviations from the standard co-branded credit card model in India, one of the sources said. As Apple is discovering in India, financial regulations can also prove tricky. Regulatory barriers also hamper Apple Card global rollout So there simply isn’t the margin to play with in many countries. In Europe, in contrast, these fees are legally capped at just 0.2% for debit card transactions, and 0.3% for credit cards. In the US, interchange fees can be as high as 2.95% plus 20 cents for certain purchases with premium cards. While a payback of 3% or even more is not uncommon in the US, that’s because they are in large part funded by what are known as interchange fees: the fees merchants pay when you use your card to make a purchase. However, as we explained back in 2020, there are a number of barriers to rolling out the card in other countries. You get 3% on Apple purchases, 2% on Apple Pay transactions, and 1% on anything bought with the physical card. Those rewards can be taken as Daily Cash, which can be simply deducted from the outstanding balance. Second, while the rewards are not exceptional by US standards, they are solid, and the card makes it incredibly simple to take them as spending money rather than points that have to be converted. First, there’s the coolness factor of both the Apple brand, and the premium look of the physical card: a minimalist design on a card made from titanium. Keen interest in the card has been driven by a combination of two things. Almost four years ago now, it still isn’t available in any other countries. ![]() The report says that Apple is talking to both banks and regulators about launching the card in India … Apple Card appealĪpple Card launched in the US back in 2019, and the moment it did, people in other countries started asking when it would be available for them. ![]() One of the main questions asked since the US launch of Apple Card is: When will it be launched in other countries? A new report suggests that the Cupertino company is in active discussions for a planned Apple Card global rollout, but it may not be easy. ![]()
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