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Aug. 3, 2020, 2:41 a.m. EDT

Apple reportedly has purchased startup for phone payment processing: report

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By Steve Goldstein

SQ

Apple has purchased an online payments startup that could turn the iPhone into a payment terminal, much as Square /zigman2/quotes/205989440/composite SQ -0.89% does, according to a report. Apple has bought Montreal's Mobeewave for about $100 million, according to Bloomberg News , which cited sources. The report quoted Apple as saying it does not comment on smaller technology company purchases.

/zigman2/quotes/205989440/composite
US : U.S.: NYSE
$ 143.72
-1.29 -0.89%
Volume: 1.50M
Sept. 21, 2020 9:58a
P/E Ratio
234.55
Dividend Yield
N/A
Market Cap
$64.32 billion
Rev. per Employee
$984,824
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