Could PayPal Partner with Apple to Create a New Payment System



  • Apple may be working on its own mobile payments system that would use the Touch ID as the main claim.
    • PayPal would be interested in partnering with Apple to create the new system.
    • In addition to the Touch ID, the new payment system would also use the iBeacon technology .






    The leading online payments company might be interested in the new payment system Apple
    As usual every time Apple introduces a new economic results, the press took the opportunity to ask Tim Cook on current issues surrounding the company. One of the reporters asked the chief executive of the firm on the new Touch ID and possible future uses that could have. Surprisingly, Cook was more descriptive with your answer to what we are used, implying that the company may be working on a new mobile payment system .

    Obviously, this new system would work in conjunction with Touch ID, achieving comfort and security that could push many consumers to make payments directly from your smartphone . No doubt that many companies would be interested in participating in a project like this, but if there are any you definitely have a great interest that is PayPal

    According to three business relations with the payments industry, " PayPal is willing to integrate parts of the service provided to be used in future mobile payment system from Apple . " Thus, functions like PayPal offer fraud detection and, if possible, the processing of payments .

     
    It seems that PayPal may find a "situation frightening "if you can not find a way to partner with Apple. Undoubtedly, though PayPal is still the undisputed king of Internet payments, mobile payments is an area in which no company has deep enough and, of course, PayPal does not care that Apple whoever whole piece takes the cake.

    Apple would use its fingerprint sensor and iBeacon Touch ID system in your new mobile payment service

    As The Wall Street Journal pointed out, Apple might be planning to integrate services like PayPal, Square and other competitive products in its own mobile payment system. As pointed Calimlim Aldrin, in the event that Apple finally launch the service, probably integrate the Touch ID technology with sensors iBeacon location.

     
    As pointed out in Appadvice , Cupertino also have the great advantage of having more than 500 million users , which would be a great client to start. Although the association with other companies is not a practice that Apple is normally used, perhaps on this occasion it makes sense.

    What do you think about it? Should Apple partnering with PayPal?


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