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Apple acquires startup Mobeewave that turns iPhones into payment terminals for $100 million

Shortpedia

Content Team

Tech giant Apple has acquired a startup, Mobeewave that developed technology to turn iPhones into mobile payment terminals. According to the sources familiar with the matter, the deal costs Apple over $100 million. However, tech firm didn't confirm the same. Apple spokesman told media that Apple buys smaller technology companies from time to time and generally do not discuss their purpose or plans.