Samsung, Mastercard and Sberbank have exited the mobile payment app developer in a purchase reportedly sized around the $100m mark.
Consumer electronics manufacturer Apple has acquired Canada-based payment technology provider Mobeewave for about $100m, enabling corporates Mastercard, Samsung and Sberbank to exit, Bloomberg has reported, citing people familiar with the matter.
Founded in 2011, Mobeewave has created a mobile app that allows users to accept payments by tapping the buyer’s debit or credit card on the back of their smartphones.
The technology would theoretically improve the capability of Apple Pay, the digital wallet released by Apple that enables users to…
