Apple already lets users get music, books, Associate in Nursingd apps through an iTunes account. however the school large has plans to expand its mobile-payment efforts, per a report by The Wall Street Journal.
Citing anonymous sources, the report says Apple is exploring moving on the far side the realm of digital merchandise Associate in Nursingd belongings users get hold of physical merchandise and services -- like garments or a taxi ride -- with an iTunes account. The Journal says Eddy Cue, the Apple govt accountable of iTunes and therefore the App Store, has already met with business executives to debate the subject.
he company has additionally stirred Jennifer Bailey, a old govt WHO is running the company's on-line store, into a replacement role building the payments business, the article same.
Expanding into a mobile-payments business would leverage the many various credit cards Apple already has on file because of iTunes. The move would place the corporate in direct competition with services like Stripe and eBay's PayPal.
The area has been heating of late. Stripe recently raised $80 million in funding, at a valuation of $1.75 billion. And activist capitalist Carl Icahn has additionally caught up eBay to turn out PayPal. Later, he same Apple would build an honest admirer for the mobile-payments service.
Apple didn't directly come back letter of invitation for comment. We'll update this post if we tend to hear back.
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