While Apple isn't the first firm to try to
capitalize on mobile payments, Banga said Apple is strategically looking «at what consumers want to do with their devices» and addressing their needs with Apple Pay.
Larry Puglia, manager of the T. Rowe Price Blue Chip Growth Fund, owns Alibaba along with Chinese Internet company Tencent (tcehy), which is also
capitalizing on mobile payments.
Not exact matches
Apple Pay is also going to be supported; it only just launched today, but if it gets the kind of widespread retail support Apple claims it will, it could very well become the first
mobile payments system to
capitalize on the tech's potential.