Apple seems to be opening itself up more and more in the digital payments ecosystem. This can be seen from the new job vacancies that were uploaded, namely becoming the leader of the negotiations to forge partnerships with ‘alternative payment’ partners.
In its explanation, the position will screen potential partners and negotiate and sign agreements. In addition, it will also launch new programs and features for the Wallet, Payment, and Commerce teams and also work with the Apple Pay team.
“Leader of the partnership program with key players in the Alternative Payments ecosystem, covering a complete process of partner identification, business case development and dissemination, partnership negotiation, contract signing and execution, market launch and sustainable growth of partnership value,” the vacancy read. CNBC International, Thursday (27/5/2021).
As with other job vacancies at Apple, there is no mention of specific products or partnerships the person filling the position takes. However, a number of examples of experiences in alternative payments are mentioned, namely digital wallet, BNPL or buy now pay later, fast payments and cryptocurrency.
Apple has not Commented yet
An Apple representative didrespond to a request for comment on the job opening.
Apple itself already has a digital wallet application on the iPhone called Wallet. Starting in 2012, devices can top up for digital boarding passes.
In the following years, the service expanded to a number of financial services such as Apple Pay, peer-to-peer payment, Goldman Sachs supported Apple Card and loyalty reward programs.
Previously the CEO of Apple, Tim Cook has discussed his business of cashless payments. Apple itself has not announced a feature for iPhone users to be able to accept payments widely except through peer-to-peer services.
But companies are known to be considering the idea. Apple has bought a startup software maker that allows devices with NFC chips to become payment terminals called Mobeewave.
Regarding cryptocurrency, Apple’s intentions are still not as clear as Tesla, who bought Bitcoin and had time to open payment options using that currency. A number of analyzes have also suggested the tech giant to start offering services of buying and selling cryptocurrency.
But unfortunately the suggestion is not in line with the thoughts of Apple executives. They disagree with the idea, and in 2019 one of the Apple Pay executives mentioned seeing long-term potential for cryptocurrency technology but would not be a focus.
Tim Cook has also rejected the idea of his company making its own cryptocurrency. This has been done by Facebook through Diem.