Apple considers own payment service | RetailDetail

Apple considers own payment service

Apple considers own payment service

According to several sources, Apple is in talks with several large retail chains to develop an iPhone payment service, which would be integrated into its operating system.

Large number of users

According to's sources, Apple has talked to several retailers catering to the higher segments about mobile payments. In Apple's mind, the service would be directly linked to iTunes accounts.


Currently, there are some 800 million accounts with credit cards attached to them and Apple could use these numbers to convince retailers to use its payment service. The new iPhones would also have fingerprint recognition, which could also be used to carry out mobile payments.


Not for the near future

Apple is also trying to convince retailers to use iBeacons, which connect to Apple appliances and are already in use at several Apple Stores.


According to sources, talks about mobile payments and iBeacons have not passed its initial stage, which makes it unlikely we will see Apple's mobile payment service anytime soon.

Questions or comments? Please feel free to contact the editors

German Otto Group continues to soar


German online company Otto Group saw its turnover grow 10.9 % to 7.76 billion euro in the past fiscal year. The former mail order company will continue to invest in start-ups and technology.

Decent profit increase for


Chinese online retailer has grown strongly in 2017: turnover grew nearly 50 % and it was profitable again. The company also expects to exceed a 30 % growth pace in 2018’s first quarter.

Rakuten ditches Priceminister brand


Rakuten has decided to get rid of its French brand Priceminister and absorb it into Rakuten, similar to what it did tot British acquires Eastern European competitors


Fast food supplier acquired its Bulgarian competitor BGmenu and its Romanian competitor Oliviera in yet another step towards its goal of being the European market leader.

Colruyt joins PostNL's grocery service


The mailman will deliver groceries every two weeks from now on: PostNL will collaborate with new grocery service Stockon in the Netherlands. A remarkable fact is that its private label brands are Boni, which is Belgian supermarket chain Colruyt’s private label.

Strong growth for Chinese e-commerce once again


There was another strong increase in the Chinese online market last year: compared to 2016, it achieved an astonishing 32 % growth. In that regard, China is performing exceptionally online.

Back to top