Industry analysts have recently discussed the potential benefits to Visa and Apple should the two collaborate on mobile payments, even stating their opinion that a “partnership could be on the horizon,” and potentially in time for the launch of the iPhone 6. Is this potential partnership already in the works or is it just speculation?
The possibility of a Visa and Apple mobile payments partnership made multiple media reports following statements from multiple industry analysts with different organizations. Josh Beck of Pacific Crest explained how news of recent changes and improved security with Visa’s systems could allow tech companies to grow and enhance their mobile payment initiatives. Roger Kay, analyst with Endpoint Technologies Associates, seconded that it makes sense for “Apple to have a partner for the back end,” and that Visa would benefit from partnering with Apple who is “so deeply entrenched with consumers.”