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Last update: 10 May, 2024 263 Views

What is mobeewave technology and how does it work? Mobeewave’s technology allows shoppers to tap their credit card or smartphone against another smartphone to process a payment. This is a momentous advance for customers and signifies a turning point for the payment processing industry. Apple’s acquisition of Mobeewave will accelerate the world of contactless payments.

Why did apple buy mobeewave for 100 million? According to Bloomberg sources, Apple has splashed $100 million to acquire Mobeewave. The payment start-up offers near-field communications (NFC) technology which can turn smartphones into payment terminals. Modern phones have included NFC for several years.

Does mobeewave work with nfc? Mobeewave's technology works with NFC, which is built into all modern iPhones. Mobeewave's website says sending payments with the Mobeewave app is as simple as inputting a transaction amount and tapping an NFC-enabled card on the back of a smartphone.

Could mobeewaves technology turn your iphone into a mobile payment terminal? Mobeewave's technology could transform every iPhone into a mobile payment terminal. Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

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Mobeewave AngelList Talent

Mobeewave sees the evolution of cashless payment from cards towards ubiquitous mobile money. By equipping a mobile phone with secure, contactless payment-acceptance capability, Mobeewave’s award-winning patented technology powers a True Wallet Experience for consumers, allowing them to put cash in to their mobile wallets as well as make payments.

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