At Apple’s show time event at California-based Theater late last night, the company launched Apple Pay, Apple Card, Apple TV, video streaming and a new service ‘News Plus’ for news for payments. CEO Tim Cook said that we are providing world class services through our product and now the services will be of the same level. He said that Apple’s News App is number one in the world and now it is adding the features of News Plus, which will also get the content of 300 best magazines around the world.
The company has a target of about 10 billion transactions in 2019 through the new Apple Pay service and Apple card. Apple will receive a 3% cashback on purchasing via Apple Pay, Daily 2% Cashback and Apple Card. Apple has launched a non-credit card which will get 1% cashback. Initially these services will be available in the US only. Later, in many major cities like London, Moscow, Tokyo, Chicago, they can be accessed from the iPhone.
CEO Cook said that Apple Pay is getting started from America’s Portland city. Later it will be launched in Chicago and New York. For payment service, the customer will have to sign up from his iPhone and he will get the software version of the card, after which he will be able to use it. In the Apple Payments service, customers will get real cash, which they can send to someone else and spend in other transactions. Apple Pe’s Vice President Jennifer Bailey said that Apple is like a special credit card and will be inside the Wallet app. For payment service, the customer will have to sign up with his iPhone and in a few minutes he will get the software version of the card, after which he will be able to use it.
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