Apple acquires venture-backed Mobeewave: Bloomberg

Apple has acquired Mobeewave, a Montreal-based provider of contactless payment acceptance solutions, reported Bloomberg.

Apple has acquired Mobeewave, a Montreal-based provider of contactless payment acceptance solutions, reported Bloomberg. The purchase price is about US$100 million. Mobeewave’s investors include Forestay Capital, Mastercard, NewAlpha Asset Management and Samsung Venture Investment Corp, the venture capital arm of Samsung Group.

Source: Bloomberg