Is the Apple Card coming to Europe? British fintech takeover hints at it

AppleCard, The credit card that the Cupertino company announced in 2019 to maximize its mobile payment service could be launched internationally soon. The apple firm has acquired Credit Kudos, a British startup valued at around $150 million that stands out for offering an API capable of obtaining accurate and up-to-date data and information on loan applications, and thus facilitating the work lenders.

As reported The block, Apple bought Credit Kudos the week of March 21. Although the company has not confirmed the acquisition of the startup, the terms and conditions that appear on the financial site redirect to the Apple page. This seems to indicate that Tim Cook’s company has completed the purchase. There are also no details on Apple’s goal with this transaction. However, the mere fact that Credit Kudos is a company dedicated to credit-related issues suggests that the Cupertino company intends to expand Apple Card to Europe or UK using your technology.

The Apple Card, remember, is only available in the United States with the financial institution Goldman Sachs. This lets you make purchases at any location that supports Apple Pay –although a titanium card is also delivered to physically pay where Apple Pay cannot be used–.

The Apple Card also offers various advantages over a standard credit card. It has no type of commission and also allows you to recover 2% of the total purchase in the store (provided that the payment was made with Apple Pay). In case of payment with the physical card, the cash back is 1%. For purchases made at Apple or selected merchants, the percentage increases to 3%.

The system, on the other hand, displays a detailed view on transactions. Also information with different facilities for the user, such as the possibility of clearly seeing the interest that will be paid if you decide to divide your debt into several installments.