Report: PayPal wants to aid Apple with mobile payments

PayPal has been pitching Apple on helping out with the Cupertino company’s rumored mobile payments system, Re/code reports. Industry executives say PayPal is offering to “white-label parts of its own payment service,” from infrastructure to payment processing. While PayPal may be keen to partnering with Apple, the interest may not be reciprocated — two executives said it’s “unlikely” Apple would need to team with PayPal. It’s tough to see why Apple would seek such a partnership, considering the company has the infrastructure and technology to go it alone. According to a recent report, Apple SVP Eddy Cue has met with industry executives about making payments through iTunes accounts. Additionally, Apple CEO Tim Cook said during Monday’s earnings call that making mobile payments “was one of the thoughts with Touch ID.”

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