Apple Pay has become a convenient and efficient way for iPhone users to make contactless payments at stores, simply by tapping their device on the point-of-sale terminal and verifying their identity. The familiar “ding” sound signals approval, making the overall experience seamless and hassle-free.

In 2022, Apple Pay reportedly generated $1.9 billion for Apple, a figure that more than doubled to an estimated $4 billion last year. Despite Apple only earning a small percentage from each transaction, the high volume of transactions makes it a significant contributor to the company’s revenue.

However, there have been reports of unauthorized charges on bank cards connected to Apple Pay in Hungary. Some users noticed multiple transactions appearing on their cards without their approval. Local bank Raiffeisen acknowledged the issue and stated that they are working with Apple to resolve it promptly.

MBH Bank also experienced similar problems, attributing them to an external technical error that led to incorrect charges on users’ bank cards. While the issue seems confined to Hungary for now, it’s essential for all Apple Pay users worldwide to monitor their bank statements for any unauthorized charges or duplicate transactions.

If you come across any suspicious activity on your linked bank card, don’t hesitate to contact your bank immediately using the provided phone number. Stay vigilant and ensure the security of your financial information when using Apple Pay or any other payment platform.