Apple stated:
Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans.
Usually, Apple buys startups and turns their technology into features for its products. Apple Play was added to iPhone in 2014 and allows users to pay for goods in retail stores with a rap. Apple even launched its own credit card last year, Apple card. The addition of Mobeewave will let people who have iPhone accept payments.
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