According to Bloomberg, Apple paid about $100 million for Mobeewave, and has kept its group of employees. Neither business would talk about the deal. Rival phone manufacturer Samsung partnered with Mobeewave in 2015 on a pilot point-of-sale program in Canada. And as Bloomberg notes, Samsungs endeavor department is an investor in Mobeewave.
Apple has gotten a start-up with innovation that might turn iPhones into mobile payment terminals, Bloomberg reported. Montreal-based Mobeewave has tech that requires only an NFC chip to work, allowing users to tap either their smartphone or a credit card to another phone for payment processing. NFC chips have been consisted of in iPhones because the iPhone 6. And while Apple Pay lets buyers tap their iPhones to pay at a retail store, adding Mobeewave might enable any iPhone to accept payments without extra hardware like a card reader.
Apple has obtained several other startups this year so far, consisting of popular weather condition app Dark Sky in March. It seems integrating Dark Skys functions into its native weather app in iOS 14 and has closed down the Android variation of the Dark Sky app since August 1st. Apple also verified in May that it bought VR broadcast company NextVR.
