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The Apple Card will be rolled out in August, Tim Cook says

Apple’s eagerly-anticipated Apple Card was announced earlier this year, and will be the result of the ambitious partnership between Cupertino-based Apple and Goldman Sachs. With an initial targeted summer release, Apple’s CEO Tim Cook has now confirmed that the Apple Card will begin rolling out in August 2019 during Apple’s Q3 2019 earnings call.

“Thousands of Apple employees are using the Apple Card every day in a beta test and we will begin to roll out the Apple Card in August.”

Apple CEO Tim Cook

Users will be able to signup on the Wallet app in iOS 12.4, which was pushed out to iOS users last week. In case you haven’t kept up, the Apple card will be a credit card that’s in both digital and physical forms. However, its conventional-looking titanium card isn’t all that conventional—it won’t have a 16-digit card number, CVV code, or even an expiration date/year. These will be generated randomly during each transaction in the interest of security, with the numbers generated on your device.

Apple says that they’re doing things a little differently, with incentives for cashbacks and an emphasis on “transparency”. However, the Apple Card will only be initially rolled out to the U.S. market, with future releases in more countries expected after. At the moment, there isn’t any info on whether the Apple Card will be made available in Malaysia, but judging by the conspicuous absence of Apple Pay support in Malaysia, it doesn’t seem likely.

[ SOURCE ]

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