facebook
twitter
rss
account
search
search
 

Apple in talks to launch iPhone wallet

The wallet is expected to be announced at the same time as the iPhone 6, which is reportedly carrying one of the most significant overhauls to the market's leading smartphone.
By Aileen Graef   |   Sept. 2, 2014 at 9:04 AM   |   Comments

Leer en Español
| License Photo
CUPERTINO, Calif., Sept. 2 (UPI) -- Apple is in talks with Visa, MasterCard and American Express to launch the iPhone mobile wallet, a feature expected to be announced along with the iPhone 6.

An anonymous source told Bloomberg Apple is speaking with credit card companies, banks and retailers to create the iPhone wallet. It will contain a near-field communication chip that will allow users to pay for goods using the fingerprint touchpad introduced on the iPhone 5S.

Google has made similar efforts with a mobile wallet, but American retailers have been slow to adapt. However, Ben Bajarin, an analyst for Creative Strategies LLC, told Bloomberg if Apple builds it, people are more likely to come as they often set the trend for the industry. He also said the strategy is another way to entice Apple users into buying its products.

"It's about retention, solving and adding features that keep your base engaged and keeping them loyal," said Bajarin.

The wallet is expected to be announced at the same time as the iPhone 6, which is reportedly carrying one of the most significant overhauls to the market's leading smartphone.

The iPhone 6 is expected to be announced September 9.

Follow @AileenGraef and @UPI on Twitter.
Contact the Author
Topics: Google
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Destroyers with ballistic missile defense capability heading to Japan Destroyers with ballistic missile defense capability heading to Japan
2
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
3
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
4
Little girls drop F-bombs for feminism in new FCKH8 video Little girls drop F-bombs for feminism in new FCKH8 video
5
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
Trending News
Around the Web
x
Feedback