Does anybody actually buy the line about "the other people that ventured into this [mobile payments] spent all of their time on the front end thinking about how to create a business model, how to collect data, own the data, sell the data, monetize the data. They were thinking about it in those kind of terms, not in terms of why you would want to use it."?

Seriously? what has Apple done differently here? Is it not just tap and go payments where Apple takes a cut of the total take? Is that really innovative and original?