Ondrej Holzman In Apple, they are probably considering finally leaning into mobile payments, which they have avoided so far. Tim Cook this week he admitted, that the Californian company is interested in the area of paying with a mobile device, and PayPal is closely monitoring the whole situation...
PayPal, owned by the auction portal eBay, is one of the largest Internet payment systems, and if Apple came up with its own variant of mobile payments, it would immediately become a natural competitor for PayPal. However, this is perhaps what PayPal wants to avoid.
According to the information Re / code, who obtained information from three executives from companies in the payments business, PayPal is trying to get Apple to bring it on board in any projects related to mobile payments.
According to people who have been in contact with both PayPal and Apple, PayPal is said to be willing to provide parts of its payment service to the iPhone maker, whether it should be security features against fraud, back-end infrastructure or payment processing itself.
Apparently, it is evident that PayPal does not want to leave anything to chance, on the contrary, it wants to be there when Apple comes up with its own solution. On the other hand, the connection with PayPal is not decisive for Apple, it is sufficient on its own, but the possible cooperation of these two companies is not excluded.
Apple already cooperates with PayPal, you can pay through it in iTunes, where you can set up PayPal instead of a classic credit card (this is not possible in the Czech Republic), so a possible expansion of cooperation would make sense.
Cupertino is said to have decided that they want to involve the iPhone much more in shopping, and Touch ID could be a great way to do that. The fingerprint reader can now only purchase apps and other content in iTunes and unlock the device, but that's definitely not all Touch ID can do. Patent filings show that Apple is testing different technologies for transactions — NFC, Wi-Fi, and Bluetooth — so it's not yet clear what its service will ultimately look like.
The iBeacon technology, which is slowly starting to spread around the world and which could help Apple in conquering shopping centers, also fits into everything. Apple has already been criticized several times that its phones do not have NFC for mobile payments, but the reason may be simple - Tim Cook does not want to rely on someone else's solution, but to come up with his own, as is a good practice at Apple.
