Apple plans to turn the iPhone into a payment terminal

Apple plans to introduce a new feature that will allow the iPhone to be used as an independent payment terminal

At the moment, iPhone can only accept payments when connected to an external terminal.

The new feature will allow Apple to compete with the largest manufacturer of payment terminals Square

The new iPhone system will work through NFC, used for Apple Pay

So far, the iPhone can be used to accept payments only if you connect it to an external terminal

The new feature will appear on the iPhone after an operating system update in the coming months

Apple's decision will allow the company to compete with the largest manufacturer of payment terminals Square

Apple also bought payment app Mobeewave with an investment from Sberbank for about $100M

The company is developing a feature that turns any smartphone into an independent payment terminal

Whether the new feature will be part of Apple Pay is unknown But the sources of the publication claim

That the developers of Mobeewave worked in this division after buying a startup