Apple Pay is the first step in Apple's financial services takeover

[waitbutwhy.com/2014/10/a...](http://waitbutwhy.com/2014/10/apple-pay-first-step-apples-financial-services-takeover.html)

Apple Pay is a huge deal – much bigger than iWatch – and no one is talking about it enough

And here is a nice summary by Andrew Finn for Wait but Why?