GEM Capital Limited Follows Apple's Person to Person Payment Service Closely.

Chaoyang District, China, December 2, 2015 (Newswire.com) - Tech Giant Apple is making waves in the market with their new mobile payments system. Its Apple Pay platform launched last year lets users to make payments to certain retailers with a simple swipe of their iPhone, with similar companies like PayPal in its sights to corner the market, there will be no stopping Apple.

If these great connections are made Apple will hold a very firm position in mobile payments future. If discussions progress as planned Apple’s new service could be launched as rapidly as next year, specifically if its talks with various US banks to launch its own peer-to-peer payment service go to plan.

2015 was the beginning of Apple’s Person to Person Payment Service concept, and with the connections Apple are making within the banking world, it won’t be long before you can make various types of payments, for the majority of purchases that it is possible to pay via your bank account or online accounts with a simple payment option via your iPhone.

Apple gained 3.0 percent when Goldman Sachs added the consumer technology giant to its “conviction buy “list writing that addition of various services such as TV, music and payment services deals Apple with a substantial multi-year opening to further monetize its iPhones.

With great leaps of payment options via your iPhone cash may well becoming a thing of the past, as many retailers have electronic payment systems in place already you be able to transfer amounts person to person or person to various companies and retailers and the cashless system will come into play again stated Technology Analyst for GEM Capital Limited Wendy Hong.