Apple Acquires Mobeewave - phos comments

Apple Acquires Mobeewave - phos comments

Brad Hyett

CEO at phos

Views 661

Apple Acquires Mobeewave - phos comments

04.08.2020 01:45 pm

The pandemic has resulted in a huge increase in demand for contactless payments and frictionless, simple ways of paying. Software-based Point of Sale (SoftPOS) technology is perfectly suited to meet new customer demands, and frankly, is the future of payments. 

The team at Apple has made a decisive move in the acquisition of Mobeewave. With this new deal, we see two industry trends evolve and come to fruition: firstly, that payment acceptance directly on phones is gaining extraordinary momentum in a post-COVID-19 world, and two, that every business is going to be a payments company in the near future. 

The acquisition of Mobeewave by Apple marks a true turning point in the fintech space. The deal illustrates a critical vote of confidence for SoftPOS solutions, and the unstoppable acceleration of this next-generation technology worldwide. As a next step, we hope that Apple will move forward with opening the NFC to foster great collaboration and innovation amongst the leaders in this emerging space.

Latest blogs

n/a n/a

How COVID-19 Is Ushering In a New Era of Cashless Technology

  Image source: https://www.pexels.com/photo/person-shopping-online-3944405/   Cashless technology isn't a completely fresh concept. People have been using credit cards for decades, and the market for fintech services has been Read more »

Jean Shin tyntec

Using WhatsApp for 2FA is the Future of Banking

From user authentication and password resets to transaction verification, two-factor authentication (2FA) offers basic but useful protection for consumers. The 2FA process typically sends an SMS sent to the customer with a one-time password (OTP). Read more »

Amir Ghodrati App Annie

The Role of Fintech Apps in Navigating This Period of Financial Insecurity

Economic instability has been ricocheting throughout the stock market in the wake of the global coronavirus pandemic. Its effects have been felt across all industries, with winners and losers’ across different sectors. So, how has fintech Read more »

n/a n/a

How to Choose a VPN for Digital Privacy & Security

In a world where almost everything is connected, and where hackers and other malicious people are roaming the internet, it is always advisable that you take every precaution that you can to enhance your data security and privacy protections. Using a Read more »

Ben Slater Instaclustr

The Case for Adopting Open Source – Own Rather Than Rent the Foundations of Your Business

For some time open source was seen as something that only the biggest companies could use and play with. But with the modern, increasingly fast business environment, the use cases for open source are in everything and the technology is increasingly Read more »

Related Blogs

Lauren Jones Icon Solutions

A sleeping Digital Giant Wakes? 4 Key Trends Accelerating Payments Transformation in the US

The US payments industry is undoubtedly ripe for change. Before the unprecedented shock of COVID-19, digitization and payments transformation initiatives had been organic, piecemeal and predominately the preserve of the largest banks. Now, Read more »

Vince Graziani IDEX Biometrics ASA

The Death of the Wallet: Why We’ll Soon Be Combining Payments, Loyalty Cards and ID

These days, the average consumer has multiple cards weighing down their pockets, from debit and credit cards, loyalty schemes, contactless public transport tickets, IDs, healthcare cards and more. This seems out-dated in an age where we can already Read more »

Warren Platt Venio

App Enabled Voucher Payments Can Resolve Problems in a Post Pandemic World

Venio has launched with a timely and relevant, post COVID-19 solution for getting consumers and merchants back to business in the Philippines. Read more »

Anil Inamdar Instaclustr

Modernising Payment Methods to Maximise Business Growth

A raft of obstacles face financial institutions, all with the potential to slow the growth of their business and block them from adopting digital solutions to produce efficiency gains. Siloed data, poor cybersecurity processes, the need to achieve Read more »

Ian Johnson Marqeta

Why Fraud Doesn’t Have to Be a Fact of Online Life

We are going through very unusual times, with most of the country having lived under state-imposed lockdown in the last few months. Against this backdrop, fraudsters are unfortunately thriving, and we have seen numerous warnings and scams being Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel