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What will be Apple's next move? An iCard???

The company will be taking a big step with its end-to-end mobile payment system

Mar 5 2014, 10:01am CST | by

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What will be Apple's next move? An iCard???
 
 

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What will be Apple's next move? An iCard???

Looks like a lot has been going on for Apple and many have speculated that the year is going to be full of surprises. We already know about the CarPlay system by Apple which is going to be sported on some selected cars which are expected to ship our pretty soon. And then we had the news about the big-screen Apple TV (set) and keep hearing about the iWatches and the other wearbles.

But the one new thing which has caught our attention is the speculation about the third surprise by Apple which is a pretty huge and a risky step even for a company as successful as Apple. This one is about the end-to-end mobile payment system which is coming out as a direct competition to Paypal and other well established systems which have been there for quite a long time. Apart from this, Seeking Alpha is the website which talks about all things regarding Apple finance and stock price and this time they have shown us the Apple credit card as well.

Regarding all of this mentioned above, we have managed to get our hands on some useful statistics;

"With 575 million active accounts, Apple has more populated digital wallets than any other player in finance. 575 million accounts is 1.37x the total number of MasterCards issued worldwide, 3.5x the number of card holders in the U.S., 5x the number of cards on file as PayPal and 3.4x the number of cards on file for Amazon."

We just hope that Apple is making a right decision and surely this one isnt a hasty one. From what we see from the report by IDC, the odds are in the favor of Apple. There is a lot of population which can be made to use the growing apps and systems and also the payment system is growing strong with mobile payments estimated to hit a trillion dollars by 2017.

source: pcmag

 

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<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.

 

 

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