Apple Wallet

Banks and credit unions are reportedly banding together to push back against the fees they say Apple charges through Apple Pay, as an antitrust lawsuit over the practice moves forward. The legal challenge targets the commission structure Apple imposes on card issuers for transactions made with its payment service. The outcome could reshape how banks and mobile wallet providers split revenue on contactless payments in the United States.

Banks and credit unions are preparing to join forces against the fees associated with Apple Pay, as an antitrust lawsuit over Apple's payment practices advances. The move signals growing resistance from financial institutions to the cut Apple takes on tap-to-pay transactions, with the case likely to shape how mobile wallet fees are structured in the United States.

Apple's upcoming iOS 27 is reported to let users digitize many types of physical cards directly into Apple Wallet, expanding what can be stored on an iPhone. The feature would let people replace barcodes and plastic loyalty, membership or access cards with digital versions in one place. The report comes from Gadget Review, and no official confirmation from Apple has been noted, so the exact scope of supported cards and release timing remains to be seen ahead of Apple's next software announcements.

Apple Pay is reportedly set to go live in India with Axis Bank as its launch banking partner, according to sources. The move would bring Apple's contactless payments service to one of the world's fastest-growing digital payments markets, where UPI dominates and card-based mobile wallets have struggled to gain traction.

Apple has released a security update for iPhones after discovering a vulnerability that was exploited in what the company describes as extremely sophisticated attacks. Experts warn the flaw could also put crypto wallet users at risk, since attackers may be able to access sensitive data on compromised devices. Users are being urged to install the patch promptly.