Apple, as we've been reporting, is purportedly entertaining a formal entry into the mobile payments space.
As the Wall Street Journal noted this week, Apple is eager to move beyond the in-store mobile payments platform that retail employees use to process shoppers.
Apple has long possessed a strong interest in digital and mobile tech-based payments. And now, the iDevice maker could be closer than ever to taking its aspirations to the next level.
In addition to speculation that Eddy Cue, Apple’s iTunes and App Store chief, has already begun taking meetings with key industry executives to discuss Apple’s interest in developing a comprehensive mobile payments solution, now we've learned that PayPal is interested in striking a deal. And soon.
Three payments industry executives tell Re/code that eBay-owned PayPal has been pitching Apple on helping the consumer electronics maker bring its long-rumored payments initiative to fruition.
So will it actually happen? Some think its a long-shot that Apple would team with PayPal, but based on how aggressive we're told that PayPal is being, anything is still possible at this point.
Source: Re/Code
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