Date
24 September 2017
Apple is said to be teaming up with major payment networks, banks and retailers to enable people to make payments via iPhones. Photo: Bloomberg
Apple is said to be teaming up with major payment networks, banks and retailers to enable people to make payments via iPhones. Photo: Bloomberg

Apple’s new iPhone said to have mobile wallet function

Apple Inc. plans to turn its next iPhone into a mobile wallet that will allow consumers to securely pay for items in a store with the touch of a finger, Bloomberg News reported Monday, citing a person familiar with the matter.

The US tech giant is teaming up with major payment networks, banks and retailers for the initiative which will be unveiled on Sept. 9 along with the iPhone 6, according to the report.

The partnership is said to include Visa, MasterCard and American Express.

The new iPhone will make mobile payment easier by including a near-field communication chip, along with a fingerprint recognition reader that debuted on the most recent iPhone, the source was quoted as saying.

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RC

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