Credit Suisse: Thoughts on Payments, Processors & Fintech
MagicCube was featured in Credit Suisse’s weekly industry analysis with insights on leading payment platforms. The piece focus on Apple’s tap-to-pay announcement and entrance into the payment acceptance market.
“Bloomberg reported that Apple is planning to launch a new service allowing SMBs to accept payments using an iPhone without the addition of hardware (e.g. along the lines of Square Reader and/or those used with Chase Quick Accept). Apple acquired Mobeewave in August 2020, signaling ambitions in the broader SoftPOS segment. Further, we note that Mobeewave competitor MagicCube (which counts Visa as a strategic investor) has similar ambitions across a broader range of mobile devices.
Read the full report here.