Apple could become your new reference bank

Apple’s future could also involve offering financial services. This is how it is advanced by the information that comes to us from the hand of Bloombergwhere Mark Gurman gives us details on this secret business project called Breakout.

In 2019, those in Cupertino announced the Apple Card which, although it didn’t have the impact they might have expected and isn’t available in most markets, lets you to make purchases. This was related to the Wallet payment app.

The information of Bloomberg

details how this banking infrastructure would be in which Apple would work to be less dependent on other entities. The company, for example, would be able to process payments internally.

In this sense, it is worth mentioning the Apple Pay Later service. With it, users could pay for a purchase in installments (rumored four monthly payments option) using Apple Pay. Apple would decide whether it can grant us this loan or not after analyzing the risk.

Apple’s new financial infrastructure, which would bring it closer than ever to fintechcould also include the already confirmed Tap to Pay service which will allow wireless payments between iPhones.

It could even be related to the subscription service of Equipmentwhich could be managed by Apple without any external bank.