Long before Apple Pay, Apple was on its way to becoming the world’s biggest bank.
Apple began to develop a truly secure access system in 2008, but it was only through the A7 chip – specifically created with mobile payment security in mind – that the company finally had a gold-standard solution.
Its applications are now moving further than iPhone unlock and iTunes purchases.
One that is very clear is retail payments and Apple will have quite a number of unique ways they will solve real problems for merchants and iPhone users.
Apple Pay now has more than 100 million users.