May 7, 2018

With the latest update of iOS, Apple has started following a rather ‘intrusive’ policy in getting their customers on board their Apple Pay platform. Apple hopes to bring its current $28B Apple Pay business to $40B by the end of fiscal year 2020. A recent study reveals that digital payments are expected to hit $726B by 2020. Although a majority of Americans still prefer carrying the good old stash of cash, with more and more options available for making the switch to digital payments easier, the adoption of cashless transactions is on a steady rise.

In 2008, Apple took the mobile industry by surprise with a patent application that talked about the use of a fingerprint sensor...

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