After several weeks of beta testing, Apple has finally announced Apple Wallet Connected Cards To The UK with the arrival of iOS 17. The United Kingdom is said to be the first to have this feature from Apple for the now, hopefully, it may be made available to other countries soon.
How Does Apple Contented Card Works
The Apple-connected cards make use of the country’s Open Banking API, thereby bringing financial data directly into the Apple Wallet, letting users check their bank balance via Apple Pay. An initial trial was carried out using the following banks; HSBC, Barclays, and Lloyds, they work perfectly showing current balance, transaction history, and other basic information.
Connected card users are allowed to nominate more than one cards that are associated with the UK banks.
According to sources, a similar system is expected to come to the United States in no time, when the US Consumer Financial Protection Bureau finishes working on an equivalent to Open Banking API system that can facilitate it.
Apple is ready, it’s now in the hands of the regulators to step forward In allowing the service. There are also mentions of the Apple connected cards in the United States, within the UK Terms and Conditions.
