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Apple acquires startup that turns iPhones into payment terminals, reportedly for $100 million

9 days ago   |   By 9to5Mac

Apple has acquired a startup, Mobeewave Inc., that developed technology to turn iPhones into mobile payment terminals, according to a new report from Bloomberg. Citing people familiar with the matter, today's report says the deal was worth around $100 million.
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Apple Acquired Mobeewave, a Startup That Lets Smartphones Accept Payments Using NFC

Apple Acquired Mobeewave, a Startup That Lets Smartphones Accept Payments Using NFC

9 days ago   |   By Mac Rumors

Apple has purchased payments startup Mobeewave, which created a system that lets shoppers tap a credit card or smartphone on another phone to process a payment. The functionality could allow iPhones to be used as payment terminals with no additional hardware required.
According to Bloomberg , Apple purchased the startup for approximately $100 million. Mobeewave's technology works with NFC, which is built into all modern iPhones. Mobeewave's website says sending payments with the Mobeewave app is as simple as inputting a transaction amount and tapping an NFC-enabled card on the back of a...
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