I'm very curious about the business side of ApplePay. Is Apple going to get some (miniscule) cut of every transaction performed? I.e. is this a new revenue stream for Apple?
they said in their faq that they won't be taking a cut. Either this is purely for improving the ecosystem, or they're getting a cut from banks for cutting down fraud.
Comments
I'm very curious about the business side of ApplePay. Is Apple going to get some (miniscule) cut of every transaction performed? I.e. is this a new revenue stream for Apple?
they said in their faq that they won't be taking a cut. Either this is purely for improving the ecosystem, or they're getting a cut from banks for cutting down fraud.
The latter is most likely