Everyone with an iTunes account is a loyal customer of Apple‘s, right? It means they have your credit card information. Also, if you have an iPhone 5S that means that you can do almost anything on the device with the tap of a finger. How nice would it be to pay for anything on your phone with just the tap of a finger?
That is definitely Apple‘s thinking, and it can be completely understood. The Wall Street Journal reports that Apple is building its own mobile payments business to take on the likes of PayPal and Google.
This is not the first whiff that the Wall Street Journal has had of this news. In 2012, the publication reported that Apple nearly launched a mobile payment system, only to abort the idea. Though iOS VP Scott Forstall allegedly championed the idea, the company was concerned about the potential battery life drain of near-field communication (NFC) tech, and marketing VP Phil Schiller feared that people would blame Apple if they had a bad experience with a merchant.
Mobile payments did prove a bit of a headache for Google, so Apple needs to do this right. What do you think about this revelation? Would you use your iPhone for mobile payments?
Source: World Street Journal
