WhatsApp plans to take on Apple Pay Cash with a peer-to-peer payments system of its own.
Powered by UPI, the service is expected to rollout to users as early as next week following a beta test. It could launch with just three banking partners initially as WhatsApp races to compete with rival payments services.
Apple is widely rumored to unveil a new NFC-based mobile payments service tied into the iPhone and iWatch later today.
But there’s a problem. In the aftermath of the Fappening, the massive iCloud breach that leaked nude and pornographic images of Jennifer Lawrence, Kate Upton and more, it’s bad timing. Apple’s name is synonymous in the news with security breaches right now. People may not want to trust the company with their financial data if Apple can’t even protect the nudes of celebrities.
So maybe Apple shouldn’t push payments during today’s big event. Or at least not at first. Maybe Tim Cook should apologize instead.
This week on the Cultiest of Casts: Steve Ballmer lands the perfect job; NFC and your iPhone make credit cards obsolete; iPhone 6 gets even faster data access; new photos give us our best look yet at a 4.7-inch iPhone 6; Apple wins their first Emmy; APPL stock hits an all-time high; and, behold, Podcasting turns 10! Oh, and it’s growing like crazy, too.
Snicker your way through each week’s best Apple stories! Stream or download new and past episodes of The CultCast now on your Mac or iDevice by subscribing on iTunes, or hit play below and let the chuckles begin.
Our thanks to Lynda.com for sponsoring this episode! Learn virtually any application at your own pace from expert-taught video tutorials at Lynda.com.
In Germany, bank cards come with NFC chips that let you make small payments just by tapping your wallet onto the POS machine. You pre-load the chip with money from your bank account (only small amounts are allowed, because if you lose the card you lose the money) and spend it as cash.
So I finally see the point of NFC in a phone. And now I can have NFC in my iPhone, thanks to Incipio’s Cashwrap case.