Inside Apple’s Go-Slow Approach to Mobile Payments

Apple often bides its time before diving in to developing tech markets, which explains why it’s largely on the sidelines in the mobile-payment wars.

Mobile payment is a new battlefield in the wireless industry, with companies fighting to offer consumers a way to pay for purchases with their smartphones instead of wallets. Mobile-payment transactions are expected to exceed $600 billion world-wide by 2016, according to market-research firm Gartner Inc., up from $172 billion this year.

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