Microsoft applies for payments licensing across US

Microsoft Payments, a subsidiary of Microsoft, has applied for licensing to provide mobile payment solutions in 50 US states.

The move from the computer giant backs up last month’s rumoured move into the payments market, after Microsoft set up the new payments company, which was granted a licence by the State of Idaho Department of Finance for money transmission.

Although it appears that Microsoft are late to the game in terms of developing a mobile payments system, the subsidiary has been part of Microsoft’s plans for over three years, according to specific documents.

Recently Microsoft posted a job vacancy requiring a Software engineer whose requirements would be to help start ‘‘changing the way we pay.’’

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