Apple to Build Mobile Payments Service

Soon Apple users will be able to buy physical goods and services, like clothes, through their iTunes accounts. According to a report by the Wall Street Journal, Apple is already in the works to expand its mobile payment efforts to include this idea. Eddy Cue, an Apple executive in charge of iTunes and the App Store, has met with industry executives to discuss the topic. The addition to the company would put Apple in direct competition with services like eBay’s Paypal and Stripe.

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