Apple is preparing to take on Pay Pal and others by expanding Apple Pay to the web, reports Digital Trends. Citing an anonymous source, the outlet claims that the company will announce that it’s launching Apple Pay for websites during its WWDC keynote on Monday.
The report offers up few details about how web-based Apple pay will work, and whether or not it’ll be compatible with non-Touch ID devices. The site does say, however, that the service will initially be limited to select retail partners, and it’ll be much faster than PayPal.
Apple Pay’s launch on the web would mean tough competition for PayPal, which has its own mobile payment service for websites and apps called One Touch. More than 250 of the top 500 online retailers use PayPal’s service, but Apple Pay will be much quicker and easier to use on iOS devices, our source tells us.
[…] In an interesting twist, PayPal owns the payment processing company Braintree, which currently handles the back end of some Apple Pay purchases in apps.
There’s also been recent speculation that Apple is planning to launch peer-to-peer payments using iMessage and Apple Pay, which could also be announced at WWDC. Whether this materializes next week or not, it sounds like Apple has big plans for its payment system.
Source: Digital Trends