Sunday, November 29, 2015

How mobile payment services could help low-income consumers

When Apple unveiled its mobile payment service Apple Pay last year, Tim Cook, the company’s chief executive, described it as “an entirely new category of service.”

During the company’s annual media event, Mr. Cook pointed to an image of an overstuffed wallet bulging with credit cards.

“Our vision is to replace this,” he said, to cheers from the crowd. “It’s so easy to lose your card or have it compromised, it’s no wonder that people have dreamed of replacing these for years.” He paused for effect

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