Apple Pay Issues Seen in Hungary, Charges Users With Random Transactions

Apple Pay users are reportedly experiencing complications within the paying platform after several people in Hungary reported being charged with random and unjustified transactions.

Some customers see multiple incorrect transactions, and most Hungarian banks are affected by this issue. Users who are affected are repeatedly charged modest sums. Almost USD 1,500 was taken out of one user's account in 74 quick transactions.

According to Hungarian news sites, banks are inundated with aid requests, and Apple seems to cause the issue. "Massive, unjustified debits" were made to cards at multiple banks, according to OTP Bank in Hungary. The circumstances are currently being investigated to ascertain what transpired. According to a statement on the Raiffeisen Bank website, Apple is attempting to fix the issue.

Some of the charges relate to previously terminated subscriptions, and some of the amounts correspond to earlier transactions. To stop further charges, some clients have been able to block their cards by their banks.

Apple Pay Updates

In a similar development, the Apple Pay problems have arisen just a few days after a corporate representative confirmed that Apple Pay Later will close in the US later this year. This is because iOS 18 will soon provide new features and offers that will broaden Apple Pay's functionality and provide additional payment possibilities.

The most recent statement also focuses on expanding access to installment loans globally, which may be obtained through lenders, credit and debit cards, Apple Pay checkout, and other channels.

However, rather than growing to offer a worldwide experience, this extension of Apple's payment choices and methods meant that the Pay Later program would have to say goodbye.

The Cupertino Corporation stated that its shutdown will not affect customers who still owe money on loans or other products that they need to pay for using Apple Pay Later. These users may still manage their accounts through the Wallet app.

For purchases ranging from $50 to $1,000, the installment procedure for four purchases of equal value divided into six payment weeks will still be followed. Apple Pay has been a crucial feature for all iPhone models and the Apple Watch for in-person transactions. It is also accessible for on-device purchases on the iPad and Mac.

Apple Pay Benefits

Apple Pay Later was only completely available to US iPhone customers in October last year. At that point, they could take advantage of the flexible payment plan that allows consumers to pay for their purchases in six weeks without incurring interest.

Apple Pay reportedly had a huge year last year because it offered users more fintech experiences than just the buy now, pay later option. This is because Apple Card Savings, which provides enormous interest rates and a comparable "digital bank" experience, was also introduced at this time.