Apple Makes Acquisition To Possibly Enter Merchant Processing Business

Person using Apple Pay at retailer terminal

According to a Bloomberg report, Apple has purchased mobile pay hub company Mobeewave for $100 million. Mobeewave enables shoppers to use their smartphones for contactless payments and P2P payments, similar to its existing Apple Pay service. The real difference is that Mobeewave technology could turn any iPhone or IOS devices into a payment acceptance device, […]