What the ****?
Let's ignore 800 million credit cards, money in excess, innovation and secure authentication methods that are way more convenient than anything else out there, how smartphones are evolving, similar apps that manage just about everything (health, home automation, passport (is that the name of that app?), etc.
Yes, I don't know what crossed my mind.
Let's all just keep paying those transactions to Visa and thank them and national banks for the good they do for humanity.
Now that Apple Pay has been announced, have you been able to figure out yet why saying that Apple should also become a "bank like operation" makes absolutely no sense and just shows that you have no concept of how the world works, how the financial services industry works nor what a bank is?
Do you know what it takes to actually be a bank. Do you know the difference yet between a bank, a credit car provider and a payment method? Between visa and Apple pay and why for Apple Pay to even exist it needs the partnership of Visa, MasterCard, American Express etc? And needed the help and back up of banks such as JP Morgan and many more to be a reality? Do you understand yet what it takes to become a major bank?
Why don't you go ahead and research the basics about the finantial industry? Keywords like: venture capital, investment banks, consumer banks, investors. Go to Wikipedia and just keep clicking the concepts that appear in these pages.
Here is a fun fact: there are no investment banks in Portugal. Try to figure out the difference between a Goldman Sachs and a "millennium bcp" or Espírito Santo.
Once you have the basic understanding of how financial services work try to use your brain and realise how much every single think you do everyday is dependent on them. Why even a huge corporation like Apple needs them on a daily basis. And how many new technologies and companies would not exist without the finantial backing from finantial companies that decided to invest in them.
You know I was born in Portugal too, and my name is also Pedro, but reading your comment history makes me sad to share that with you. So much arrogance, "mania" and general angry superior tone in your posts, and yet such lack of actual logic and rationality, lack of stoping for a minute and trying to find more information and applying some intelligence to it before spitting out whatever comes to your mind.
I hope it is just the common, cliched and typical arrogance and "mania que sabe tudo acerca de tudo" of a 18 or 19 year old intelligent young man that got into one of the top engineering schools of his country (FEUP), just a lack of maturity normal for your age. Because if it is not that and it is an actual lack of intelligence and capability your future will not be so bright as you seen to hope.
So "WTF??" indead, and don't even come with your typical superficial arrogance condescendence. You are talking with someone with an I.Q. that statistically is extremely likely to be 20 or 30 points above yours, even considering that you are probably also 20 or so points above the 100 average value, someone that is started out in applied mathematics in IST before going into economics and international management and all without beying even 10 years older than you.
Have a nice life, try thinking a bit more before resorting to "WTF" and arrogance.
Don't act superior, only average people do that and it just says something about your confidence and atitude, instead try to actually be superior, be better and act intelligently.
