Apple isn’t just a mobile phone but it is a brand of trust,
In the future, it will be a POS!!!
I have been asked to give my thoughts about this dramatic step and hereunder is how I see this step and what may happen in the future, for sure without guarantee :)
Apple means trust, it isn’t just a mobile phone but it is a trusted organization, in the future, it will be a POS!!!
- Apple is hitting the vendors who are providing the soft POS.
- While Apple is the most secured OS but this will yield another frauding stream from contactless payment through getting credit & debit cards close to apple devices with acceptable payment limits without pin.
- This could be a new market creator for fast transfer rather than using mobile banking apps. ?this could be used for freelancers and MSMEs payments.
- Can facilitate the use the biometric authentication in payment.
- Can extend the POS from just a point of sale to be onboarding tools.
- Will be much easier for Apple wallet integration and payment in addition to increasing the apple wallets volume worldwide.
- Improve the loyalty system coverage with Apple networks.
- Increase and spread more the tab and pay services.
- This will be extended to be used on other apple mac.
- Could be used in the future with Apple watches as the smallest POS worldwide.
- It could be SDK as a product from Apple to some other devices if they can restrict it for specific secured devices.
- Extend the super app concept to include the POS as part of the super app.
