The iPhone 6 release date is just around the corner, and one key USP of the new iPhone could be mobile payments
Apple is reportedly working on its own version of a mobile wallet and it could launch alongside the iPhone 6. The Information have spoken to various sources which have confirmed the company is in discussion with a number of banking institutions and credit card associations, including Visa, which have allegedly agreed to implement the Apple wallet technology.
According to The Information, Apple’s mobile payment app will use a separate secure part of the iPhone’s hardware to store a user's financial details. The specific area will be meant to keep sensitive data secure.
If it’s in the hardware that means you’ll need a new phone to be able to use the payment technology, with the iPhone 6 so close you can’t be blamed for connecting up the dots.
Rumours have pointed toward Apple introducing NFC technology into the new iPhone but it’s still unclear how information transfer would work inside Apple’s mobile wallet. One of the sources that spoke to The Information claims Apple could opt to focus on Bluetooth or Wi-Fi technology instead.
Google launched its own version, Google Wallet, back in May 2011. The service got off to relatively slow start but has generated steady growth of late, with more and more users joining every month. Couple this with services like Square and PayPal, and it’s no surprise Apple now wants a piece of the action.
Want an introduction to mobile payments? Why not read our user guide on how to use Google Wallet?