Apple to dive into mobile payment service

Apple is expanding day by day and is making internal and external moves in order to introduce mobile payments. This will be in direct competition with the likes of  eBay’s PayPal, Google, and niche specialists like Square and Stripe.

According to The Wall Street Journal, Apple boss Tim Cook has sent iTunes and App Store chief Eddy Cue to meet with industry executives to gage to see if Apple can handle mobile payments for physical goods and services, the Journal reported on Friday, where they quoted several anonymous sources.

The company has even created a new position for an executive to be in charge of a project to build a new payment system, and they have picked a one Jennifer Bailey for the job, according to the article.

FROM OUR SPONSOR- Continue for more content

Apple already has hundreds of million of credit cards connected to it’s iTunes and App Store, and kicking off a mobile money service would be so crazy after all.