Could Apple Card come to UK after Brit Banking takeover?

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(Pocket-lint) – Apple may soon introduce its own credit card in the UK. It has acquired British startup Credit Kudos, fueling speculation that it is a step to bring Apple Card to regions outside the United States.

Credit Kudos is an Account Information Service Provider (AISP) which is basically a credit rating agency that checks whether applicants have the means to repay loans.

A lender – Apple Card, for example – contacts an agency when a customer applies for credit to assess whether to approve the application. So the purchase of its own credit-checking company in the UK is a good sign that Apple is looking to expand the reach of its internal finance department.

The acquisition was done without much fanfare, although the UK-registered company’s terms of service now refer to it as an “Apple subsidiary”.

Apple Card was launched in the United States in 2019, in partnership with Goldman Sachs and Mastercard. It includes a digital credit card that appears in the user’s Apple wallet and a physical titanium card.

It’s different from rival cards in that it only has the user’s name on the front, an engraved Apple logo and a chip. There is no bank account or card number. It doesn’t even have an expiration date or CCV number on the back.

To learn more about Apple Card, check out our feature here: What is Apple Card and how does Apple Card Family work?

Written by Rik Henderson.