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Potential UK Apple Card launch has rival banks calling for scrutiny over iPhone maker’s spending data harvesting

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Apple currently offers multiple different financial services and products in the United States including Apple Pay, Apple Card, and Apple Pay Later, but it’s a different story in the United Kingdom. Right now, Apple Pay is all that the company offers and UK banks are worried that won’t remain the case for too much longer. Amid recurring rumors that Apple intends to bring its credit card to the UK, some UK banks have called for an investigation into, and potential limitations on, the data that Apple collects about iPhone users’ spending habits.

In a letter sent to the Financial Conduct Authority — the UK’s financial regulator — banks and insurance executives have argued that there are “multiple imbalances” in the amount of data being collected by companies like Apple and Amazon due to the way they do business. It’s argued that there is already a “pressing need” to address the amount of data Apple has on users.





Apple currently offers multiple different financial services and products in the United States including Apple Pay, Apple Card, and Apple Pay Later, but it’s a different story in the United Kingdom. Right now, Apple Pay is all that the company offers and UK banks are worried that won’t remain the case for too much longer. Amid recurring rumors that Apple intends to bring its credit card to the UK, some UK banks have called for an investigation into, and potential limitations on, the data that Apple collects about iPhone users’ spending habits.

In a letter sent to the Financial Conduct Authority — the UK’s financial regulator — banks and insurance executives have argued that there are “multiple imbalances” in the amount of data being collected by companies like Apple and Amazon due to the way they do business. It’s argued that there is already a “pressing need” to address the amount of data Apple has on users.

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