The charges stem from the companies' handling of the Apple credit card, which was launched in 2019 and allowed customers to finance Apple purchases
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You load a set amount of money onto the card (Prepaid Wallet), and you can only spend what you’ve preloaded
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75 per cent of all 'Credit Cards on UPI’ transactions are happening at small merchants
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Concerns escalated after customers discovered they could view other users' credit card information, including names, card numbers, expiration dates and CVV codes, directly within the bank's iMobile Pay app
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