NEW YORK (TheStreet) -- Shares of Apple (AAPL) are up 2.61% to $112.27 after 9to5mac suggested a job posting advertising a "new London-based Apple Pay team" signals the expansion of the payment system in the UK, Europe and beyond, according to Business Insider.
"Apple Pay is a new and exciting area in Apple that is set to expand across Europe, Middle East, India and Africa. Apple Pay will change the way consumers pay with breakthrough contactless payment technology and unique security features built right into their iPhone 6 or Apple Watch to pay in an easy, secure, and private way," the posting began, BI said.
"The new London-based Apple Pay team will work to drive the roll-out of this technology across EMEIA by working with a variety of internal and external partners," the posting continued, BI noted, adding that the advertisement has since been taken down.
The list of companies working with the mobile payment service Apple Pay continues to grow with ten more banks, including TD Bank North America and Commerce Bank backing the service earlier this week.
Forrester analysts expect Apple Pay to reach $34 billion in e-commerce volume in the U.S. by 2019.
Separately, TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation: