Cryptocurrency has been making rounds in the tech sector for quite some time now and companies are jumping on the crypto bandwagon, which is currently being seen as a future of online transactions by many.

Now, it seems like Apple is also planning to test the waters. A new job listing from the company, spotted by Coindesk, indicates that it is hiring for a Business Development Manager with experience in alternative payments, including cryptocurrency.

The job listing reads: “The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships. We are looking for a proven professional in global alternative and emerging payment solutions. We need your help forming partnership framework and commercial models, defining implementation paradigms, identifying key players, and managing relationships with strategic alternative payment partners. This position will be responsible for the end-to-end business development, including screening partners, negotiating and closing commercial agreements, and launching new programs.”

The role, which seems like a Senior one, includes developing new payment solutions, encompassing everything from the App Store and in-app purchases to retail store purchases and Apple Pay, in collaboration with “alternative payment partners.”

Apple is seeking applicants with at least five years of experience “working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency and etc.”

The development comes just a couple of years after Apple Pay vice president Jennifer Bailey said in 2019 that the company is “watching cryptocurrency,” and explained “We think it’s interesting. We think it has interesting long-term potential.”

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Xiaomi, the China-based smartphone manufacturer, which is currently dominating the Indian smartphone market, has launched its mobile payment solution in the country — Mi Pay. This makes India the first country outside the company’s home market to get the Mi Pay service.

While the Chinese version of Mi Pay uses Near Field Communication (NFC) to process payments, this isn’t the case in the Indian version. Mi Pay in India supports payments through leading credit and debit cards, internet banking, and Unified Payment Interface (UPI) which can supports QR code-based payments.

Xiaomi’s mobile payment service in India has been cleared by the National Payments Corporation of India (NPCI) for large group usage. The service allows users to pay bills, including phone bills, electricity bills, and water bills as well as do mobile and DTH recharges.

However, the service is currently in Beta stage and will be available to beta users in “soon.” The company has not revealed when the stable version will release. Those who are interested in using Mi Pay during beta stage can sign up for the same from here. As per the company, the advantage of Xiaomi with Mi Pay in India is the deep integration of the service with MIUI, company’s own mobile operating system based on Android.

It will be interesting to see how Xiaomi’s payment service fares in the Indian market as there are many online payments service providers trying to get a lead. Two of the biggest services include Google Pay and Paytm. Popular messaging app WhatsApp is also testing its own payment service in India.

Read More: Xiaomi Play retail box leak reveals that the phone will come with free 10GB internet data; launching on 24th December

However, it seems that finding an audience for Mi Pay will be comparatively easy for Xiaomi given that it currently dominates the Indian smartphone market and has millions of users.

(Source)

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