A highly anticipated release of Apple Pay has now been put on the back burner.
It was reported today by 9to5Mac that Apple Pay support in South Korea has been delayed due to the Financial Services Department having to look into and review the terms and conditions of Apple Pay before it actually launched in the country.
Naver has reported that the regulator of the Financial Services Department of South Korea said, “there is something to look at separately,” which will require “further discussions with the department.”
We previously reported that South Korea’s Apple Pay launch was supposed to be “soon,” with Hyundai Card being the exclusive financial institution to accept it until at least late 2023.
At this time, it looks as though Apple Pay will be launching in South Korea either later this month or sometime in January 2023.
What are your thoughts on the delay of Apple Pay in South Korea? Comment below or let us know on Twitter at @appleosophy.