Apple holds one of the world’s largest collection of active credit cards in the world thanks to iTunes, yet despite all that purchasing power, it has only recently begun to look into processing payments for physical goods, and PayPal is desperate to play a role in the action.
Payment industry executives say that PayPal is pitching Apple hard to let it in on the company’s rumored payment initiative, according to a report from Re/code. At this point, executives aren’t sure what type of tech Apple wants to use, or even how big a role it wants to play in the industry, but they’re willing to go as far as white-labeling their payments service, just so Apple will use it.