@Peter_G has the right of it. As I said in one of my early replies to @ndrw:
The system of high fees and then cashback is degenerate, no matter which country it operates in. Btw, in case it was unclear my meaning of degenerate here is “broken”, not “immoral”. It’s way better with the EU legislation capping those fees, because it pushes companies to a much less circuitous revenue stream that is better aligns company with customer, for all the aforementioned reasons.
That whole discussion was degenerate.
All this activity; I assumed a UK Apple Card had been announced 
OMG it’s coming 
Rude
I don’t really see how Apple buying an open banking company helps them launch a credit card in the UK.
They know how credit decisioning works now all they need is to find a partner bank and they have a powerhouse.
A credit card. A bank and they are in charge of their own processing and eligibility and background checks. It’s a full wheel
Just read this article - that seems much better than credit scores for lots of people I guess!
This may explain why Apple acquired Credit Kudos. Laying the groundwork for the definitely-launching-in-the-UK Apple Card.
Apologies if I’ve missed something, but the article doesn’t mention the UK. The point seems (to me at least) a much bigger one: that Apple is basically taking its financial services in house.
Of course, they could use that platform to launch in the UK, but the article seems more to be about future US products.
Yes, the article is US focused. My point was, what the article is alluding to seems to align with the purchase of Credit Kudos, regardless of region.
My thought process was if Apple want to launch the Card in the UK (and of course they do), but are laying the groundwork to revamp their internal financial services, it may have been a preemptive purchase.
When I worked at Apple, we used Barclays and PayPal for consumer finance and GE for business finance (and my friends who still work there confirm that remains the case). Relying on those 3rd parties even for decision making was slow, painful, and often ruined the customer journey, so I know first hand why Apple would want to move more processes internally - and on a global scale too.
I’m simply reading between the lines, that’s all 
Matt makes a good case - By cutting out third parties and using their own subsidiary they can get results quicker and more accurate/efficiently - Therefore making the likeliness of an Apple Card in the UK even higher.
They would then be able to remove Barclays and place Credit Kudos in place for their finance plans for apple products, therefore why wouldn’t they put Apple Card on the plan too
It must be many years that people have been saying that now!
As time passes by, I’m getting more excited about the prospect of a Chase credit card. I still want Apple to launch theirs over here though.
Apple Pay Cash still isn’t here in the UK yet so I think the Apple Credit Card is further away.
I think Apple Pay Cash is a bit different - very much designed for the US market where bank transfers aren’t so simple I believe!
I can’t see it ever happening here, but you never know!
Definitely don’t see that being brought to the UK - The US have that to compete with the likes of Venmo and cash app etc as the US cannot directly bank transfer to each other so easily - which is crazy!
Cashback on apple purchases at a minimum, just to reduce money lost to PayPal/ Barclays on the free credit cost.