Apple is developing a new service that effectively turns your iPhone into a payment terminal.
The feature has been anticipated since Apple’s acquisition of Canadian start-up Mobeewave for $100 million in 2020.
The startup is credited for developing a technology that accepts payments with a tap of the phone.
iPhones would likely rely on the NFC chip for this upcoming service.
Apple is preparing to rollout the feature “in the coming months”, the report says.
Apple didn’t immediately respond to a CNET request for comment.
