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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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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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3 weeks ago

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January 30, 2025

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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