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Fintech Insider Podcast by 11:FS
790. News: Apple Pay face US lawsuit and Revolut keep banking licence hopes alive.
Oct 9, 2023
Guests Simon Merchant, Fliss Berridge, and Gerisha Nadaraju discuss Apple Pay's antitrust lawsuit in the US, Revolut's progress towards obtaining a banking license, Mintago's growth funding, Saga and Flagstone's savings platform for over 50s, Experian's launch of a checking account and debit card, and Jamie Dimon's prediction of a three-day working week.
01:08:28
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Quick takeaways
- Apple Pay faces an antitrust lawsuit in the US, while launching its iPhone Wallet in the UK.
- Revolut's efforts to obtain a banking license are progressing, despite ongoing challenges and regulatory scrutiny.
Deep dives
Apple launches iPhone wallet in the UK and faces antitrust lawsuit in the US
Apple has soft-launched its iPhone wallet service in the UK, allowing customers to access current account balances and transaction history. The app is powered by the UK's open banking API and integrates with Apple Pay. In the US, Apple is facing an antitrust lawsuit following claims that it prevented competitors from accessing NFC chip technology required to create a mobile wallet compatible with iPhones.
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