Apple CEO: Mobile payments taking off more slowly than expected

Apple’s Tim Cook dishes on taxes and the demise of money — Cnet — “In October 2016, Cook said Apple was going to kill cash. But Tuesday, he sounded less sure that it would happen anytime soon. ‘I’m hoping that I’m still going to be alive to see the elimination of money,’ Cook said during the shareholder meeting. ‘Mobile payments have taken off slower than I personally would have thought if you asked me sitting here a few years ago.’”

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  1. One of the areas where Apple Pay needs improvements is transit and stored-value card support. Supporting Suica isn’t enough. There are numerous other transit and stored-value cards out there like PASMO, TOICA, PiTaPa, EasyCard, icash, HappyCash, iPASS, Yikatong, Touch ‘n Go, EZ-Link, PRESTO, OPUS, Compass, ORCA, Clipper, Navigo, and many more. Samsung Pay already supports Smart Octopus alongside with BMAC Yikatong, Shanghai Public Transport Card, Lingnan Pass, T-money, and CashBee. Android Pay is catching up with virtual HOP Fastpass support.

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