When will they confirm every non-US jurisdiction for meeting compliance in FinTech? i.e. is this just another 'in the US market' announcement? Maybe for apple that IS the market. For Google, its been acknowledged that whilst mountain view likes to release in the USA first, and it is the single biggest market they have, its not actually bigger than the others put together: far from it.
Secondly, Most cards run for profit on card processing fees. They are a profit centre to the bank. Is apple running this at a loss for other reasons or is this model of card cash-positive inside 1 year? Because its a long way to the bottom when you have a giant pile of cash, but at some time, in a year based financial reporting regime they will have to account for this thing, and if its not visibly in profit then either they have an opportunity cost/loss or a real world loss.
Secondly, Most cards run for profit on card processing fees. They are a profit centre to the bank. Is apple running this at a loss for other reasons or is this model of card cash-positive inside 1 year? Because its a long way to the bottom when you have a giant pile of cash, but at some time, in a year based financial reporting regime they will have to account for this thing, and if its not visibly in profit then either they have an opportunity cost/loss or a real world loss.