Apple Rumored to Be Resurrecting NFC Wireless Chips to Enable Mobile Payments

Sep 02, 2014


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The release of the new iPhone is fast approaching (September 9), and according to WIRED the latest incarnation of the popular mobile device may include a NFC wireless chip to enable more streamlined mobile payments. And as Christina Bonnington points out, Apple is in an unusually good position to really make mobile payments mainstream:

"Apple is in the perfect position to launch its own mobile wallet. The Cupertino company has a vast trove of credit cards already on file thanks to iTunes (over 800 million, in fact), and a huge pool of potential users, thanks to the millions of iOS devices out there."

What the actual payment solution might look like is still a mystery. But according to ReadWrite the possible presence of a NFC chip would mean iPhone users could just tape their devices on terminals in stores and other locations to pay their bills or fares.

(apple.com