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Apple reportedly has purchased startup for phone payment processing: report

Apple has purchased an online payments startup that could turn the iPhone into a payment terminal, much as Square does, according to a report. Apple has bought Montreal's Mobeewave for about $100 million, according to Bloomberg News, which cited sources. The report quoted Apple as saying it does not comment on smaller technology company purchases. Read More...

Apple has purchased an online payments startup that could turn the iPhone into a payment terminal, much as Square does, according to a report. Apple has bought Montreal’s Mobeewave for about $100 million, according to Bloomberg News, which cited sources. The report quoted Apple as saying it does not comment on smaller technology company purchases.

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