Apple is working on it’s own mobile P2P payment service for iPhone and iPad

UnwiredView.com

Apple has submitted a patent application for peer-to-peer financial transactions. Apple's patent application describes an iPhone app and service, that will allow iPhone owners to store all their credit card, bank/checking account and other info on the device, and to make quick personal and business transactions with a few taps. Mobile micropayments through your smartphone is emerging, and, most likely, soon to become pretty hot category. Nokia is looking  how to introduce mobile payments to developing world with it’s Money service. Meanwhile, startups like Square and established companies likeVeriFone are working on ways to bring personal mobile transactions to your iPhone, and, hopefully, any other smartphone you have in your pocket. Well, those companies planning to make a living from their personal mobile payment iPhone app/accessory/service, better start thinking about other mobile platforms soon. Because Apple is actively eyeing personal mobile payments, as a market they want to have for themselves. At least that’s what an Apple’s patent application called “Peer to peer financial transaction devices and methods”  indicates.

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