Sounds like someone overheard a feature, didn't understand it and then misinterpreted the example.
A direct pay-pal knockoff would have nothing to do with Apple's core business (selling hardware). And to be at all plausible, would have to support transactions that have nothing to do with their hardware/software ecosystem.
Microsoft is the sort of company that might have been distracted into building a financial arm during its years of plenty. Apple really isn't. That sort of absolute diversification is antithetical to how Apple operates.
A direct pay-pal knockoff would have nothing to do with Apple's core business (selling hardware). And to be at all plausible, would have to support transactions that have nothing to do with their hardware/software ecosystem.
Microsoft is the sort of company that might have been distracted into building a financial arm during its years of plenty. Apple really isn't. That sort of absolute diversification is antithetical to how Apple operates.