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Apple to Rival Square by Turning iPhones Into Payment Terminals

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3 years ago

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Apple to Rival Square by Turning iPhones Into Payment Terminals

Apple is planning to launch a new service that will allow small businesses to accept payments directly on iPhones without any additional hardware, according to people familiar with the matter.

The company has been working on the new feature since around 2020, when it paid about $100 million for a Canadian startup called Mobeewave that developed smartphone technology that could accept payments via credit cards. The system will likely use the iPhone’s near-field communication or NFC chip currently used for Apple Pay.

In order to accept payments on today’s iPhones, merchants need to use payment terminals that plug into or communicate with the phone via Bluetooth. An upcoming feature will turn the iPhone into a payment terminal, allowing users like food trucks and hair stylists to accept payments simply by tapping a credit card or another iPhone on the back of the device.
The move could affect payment providers that rely on Apple’s iPhone to boost sales, such as market-dominant Block Inc.’s Square. If Apple allows any app to use the new technology, Square could continue to accept payments through Apple devices without having to worry about supplying its own hardware. If Apple requires merchants to use Apple Pay or its own payment processing system, that could compete directly with Square. A representative for Block did not immediately respond to a request for comment.

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Shares of Block were down less than 1% in premarket trading in New York on Thursday; Apple was up less than 1%.
It’s unclear if the payment acceptance option will be marked as part of Apple Pay, although the team working on the feature has been working on Apple’s payments division since the Mobeewave acquisition, the people said. It’s also unknown if Apple intends to partner with existing payment networks to use the feature or launch it separately.

Apple could roll out the feature via a software update in the coming months, the people said. The company expects to release the first beta version of iOS 15.4 in the near future, with the final version available to consumers as early as spring. An Apple spokesman declined to comment.

That would bring the debut closer to some other announcements; according to Bloomberg, Apple plans to launch a 5G-enabled iPhone SE and iPad Air as early as March or April, in addition to a new Mac running Apple’s custom processor.

Complete News Source : Bloomberg

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Music

While a Punjabi vocalist croons, PM Modi replicates Diljit Dosanjh’s beats and beats the table like a dholak. Observe

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3 weeks ago

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January 2, 2025

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While a Punjabi vocalist croons, PM Modi replicates Diljit Dosanjh’s beats and beats the table like a dholak. Observe

Prime Minister Narendra Modi recently met acclaimed singer- actor Diljit Dosanjh, describing their interaction as “very memorable.” 
Prime Minister Narendra Modi met singer-actor Diljit Dosanjh and lauded him as “a combination of talent and tradition.” During the “memorable’ meeting”, the two discussed music, culture, and India’s vibrancy, including yoga.

Diljit, PM Modi match beats

During the meeting, PM Modi praised Diljit for his achievements, saying, “When a boy from a small village in Hindustan shines on the global stage, it feels amazing. Your family named you Diljit, and you keep on winning people’s hearts, just as your name suggests.”

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Diljit responded, “We used to read that ‘Mera Bharat Mahan’ (My India is great), but when I travelled across India, I realised why people say this.” PM Modi highlighted India’s diversity, saying, “India’s vastness is its strength. We are a vibrant society.”

Diljit added, “The greatest magic in India is yoga.” PM Modi agreed, saying, “Those who have experienced yoga know its power.”

The singer-actor also admired PM Modi’s personal journey, saying, “I had watched your interview, sir. The position of Prime Minister is great, but behind it, there is a mother, a son, and a human being. Many times, this half-truth is much larger when you carry your mother and the sacred Ganga with you. That touches the heart.”

Diljit then sang a song on Guru Nanak, as PM Modi listened intently, beating the adjacent table like a dholak, matching his beats with Diljit’s.

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Diljit, PM Modi express grattitude

After the meeting, Diljit Dosanjh expressed his gratitude, calling it a “fantastic” way to start the year. He posted on X, “A fantastic start to 2025. A very memorable meeting with PM @narendramodi Ji. We talked about many things, including music, of course!”

PM Modi responded to Dosanjh’s post, describing their meeting as “a great interaction.” He said, “A great interaction with Diljit Dosanjh! He’s truly multifaceted, blending talent and tradition. We connected over music, culture, and more.”

Diljit recently concluded his Dil-Luminati tour in India with a grand performance in Ludhiana. Throughout his concerts at various venues, the singer aimed to address important social issues during his performances.

In a lighthearted and endearing moment, Prime Minister Narendra Modi was seen enjoying the beats of a Punjabi vocalist, tapping the table in rhythm like a dholak player during a recent cultural event. The video, which has since gone viral, showcases PM Modi replicating the infectious energy of Diljit Dosanjh’s iconic beats, capturing the essence of Punjabi music’s vibrancy and rhythm.

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The event brought together various cultural performers, with one Punjabi vocalist stealing the spotlight. As the singer crooned traditional Punjabi tunes, PM Modi, seated among other dignitaries, began enthusiastically tapping the table in sync with the music. His gestures resembled a seasoned dholak player, displaying his spontaneous connection with the pulsating beats.

The audience present erupted in applause, cheering on the Prime Minister’s engaging participation. Social media users were equally charmed, with many praising Modi’s ability to connect with the cultural diversity of India. “Modi Ji has the rhythm of a true Punjabi!” one user commented, while another said, “This is the energy we love to see in our leader.”

The moment also highlighted PM Modi’s commitment to celebrating India’s rich cultural heritage. His natural enjoyment of the performance reflects his appreciation for the art and music that unify the diverse communities of India.

Such lighthearted and relatable gestures from leaders often resonate deeply with the public, making them feel connected on a personal level.

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#PMModi #DiljitDosanjhBeats #PunjabiMusicVibes #CulturalCelebration #DholakBeats #IndiaUnity #MusicConnects #ViralMoment #PMModiInAction #PunjabiHeritage

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