The world of technology is dominated by Apple through its Macbooks, iPhones, iTunes , iPads and other devices,  and now it is all set to take on the banking sector with its new innovation. The innovation - “Apple Pay”, is basically a person-to-person (P2P) transaction system, used through its Wallet app. Two iPhone users who have a Touch ID can now make a sales transaction with ease. This innovation is the brainchild of Timothy Hurley, currently Senior Director of Apple Pay Engineering, and…